Abraaj Holdings chairman resigns | GulfNews.com:
Abraaj Holdings’ Chairman Sean Cleary has resigned from the embattled private equity group.
The group is undergoing a court-supervised restructuring after allegations of misuse of funds.
“We can confirm that Sean Cleary has resigned from his position as chairman of Abraaj Holdings. Following the appointment of the Joint Provisional Liquidators, Sean determined that his role as an independent non-executive director would serve no further legal or fiduciary purpose in the interests of creditors or other stakeholders,” Abraaj said in a statement.
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