UAE's Abraaj hires KPMG to look into healthcare fund after reported row with investors | ZAWYA MENA Edition:
"Dubai-based private equity firm Abraaj Group has hired global auditing firm KPMG to look into the finances of its healthcare fund after a reported dispute with some its investors in the fund. "We are confident that the exercise being conducted by KPMG will confirm that all the funds were accounted for and used appropriately," it said in a statement on Sunday. The Wall Street Journal reported on Friday, citing unnamed sources, that four investors in a $1 billion healthcare fund managed by Abraaj had hired a forensic accountant to examine what happened to some of their money. "
'via Blog this'
No comments:
Post a Comment