Abraaj executive bailed in New York on $10m bond - The National:
Mustafa Abdel-Wadood, the former managing partner of private equity company the Abraaj Group, was granted bail by a New York judge on Monday after he put up two homes as security for a $10 million bond.
Mr Abdel-Wadood will go on trial on November 4 and will be confined to a Manhattan apartment, thought to be one of the homes he used to cover the bail requirements.
A Justice Department spokesman told The National the bail package had been approved.
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