Pakistani founder of Dubai firm Abraaj risks jail term

DUBAI : The founder of embattled Dubai-based group Abraaj, the region’s largest private equity firm, faces a possible three-year jail term over bounced cheques for millions of dollars, lawyers said on Thursday. A court in the UAE city of Sharjah will issue its ruling on July 5 in the case against Arif Naqvi, who did not attend a hearing ...

from International News https://ift.tt/2KvVOUM

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