Court reserves judgement in Abraaj bounced cheque case | GulfNews.com:
A Sharjah court on Tuesday reserved the judgement in the bounced cheque case against Arif Naqvi, founder of the beleaguered private equity firm, to August 26.
This is second such case against Naqvi to be heard in a court in the UAE. The case relates to a cheque worth $217 million (Dh798 million) issued by Naqvi to Sharjah-based Crescent Group founder Hamid Jafar.
The new case comes after a similar case relating to a cheque bounce of $300 million was settled out of court on July 15.
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