Abraaj founder Arif Naqvi faces new bounced cheque case | GulfNews.com:
Arif Naqvi, founder of the beleaguered private equity firm Abraaj, is facing a fresh charge of bounced cheque, according to lawyers close to the case.
Sharjah-based Crescent Group founder Hamid Jafar has filed a $217 million (Dh798m) bounced cheque case against Naqvi. The new case comes after a similar case relating to a cheque bounce of $300 million was settled out of court on July 15.
Last month, the public prosecutor’s office in Sharjah had issued an arrest warrant against Naqvi and the case was heard by a Sharjah court before it was dismissed following an ‘agreement’ reached by both parties to settle it out of court on mutually agreed terms.
No comments:
Post a Comment