Air Arabia files misdemeanour case against Abraaj founder in Sharjah court - The National:
Low-cost carrier Air Arabia started legal proceedings against Arif Naqvi, founder of embattled private equity firm Abraaj, through filing a misdemeanour case in a Sharjah court.
The Sharjah-based carrier's legal move follows arbitration proceedings it undertook in July, Air Arabia said in a statement on Wednesday.
"Air Arabia Group has investments outstanding with private equity firm Abraaj," it said. "In addition to Air Arabia’s claims submitted in the provisional liquidations of Abraaj Holdings and Abraaj Investment Management Limited, Air Arabia has commenced with legal proceedings against Abraaj founder Mr Arif Naqvi through the filing of a misdemeanour case in Sharjah court."
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