Thursday, 18 April 2019

#Abraaj founder's extradition case adjourned, another former executive arrested: court official - Reuters

Abraaj founder's extradition case adjourned, another former executive arrested: court official - Reuters:

A case in a London court to extradite Arif Naqvi, the founder of collapsed private equity firm Abraaj, to the United States on fraud charges, was adjourned until April 26, a court official said on Thursday.

The official told Reuters that a former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, had also been arrested and was facing a U.S. extradition request linked to the same charges. 


Vettivetpillai could not be reached for a comment.

Whilst at Abraaj, Vettivetpillai was head of impact investing in a role that oversaw the firm’s troubled healthcare fund.

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