Dubai Financial Services Authority Upholds Fine Against Abraaj Group Founder
Posted on 01/03/2023
The Dubai Financial Services Authority (DFSA) disclosed that the Financial Markets Tribunal (FMT) upheld its actions against Arif Naqvi following the Abraaj Group collapse in 2018. Arif Naqvi is Founder of the Abraaj Group. The DFSA first imposed a fine of US$ 299 million against Abraaj Investment Management Limited (AIML) in July 2019. DFSA said…
