Court case over Abraaj founder's bounced cheque adjourned until July 15 | ZAWYA MENA Edition:
A case involving the founder of private equity firm Abraaj, Arif Naqvi, and another executive for issuing a cheque without sufficient funds was adjourned on Wednesday until July 15 by a court in the United Arab Emirates (UAE).
The adjournment was announced by judge Natheer al-Sousi in a court in Sharjah, one of the seven emirates in the UAE.
The court case relates to a cheque for 177.1 million dirhams ($48 million), signed by Naqvi and a fellow executive, and written to Hamid Jafar, another founding shareholder in Dubai-based Abraaj, a prosecution document showed.
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