Dubai regulator in contact with SEC about Abraaj case - Reuters:
Dubai’s financial services regulator said on Monday that it was in touch with the U.S. Securities and Exchange Commission about the latest case involving collapsed private equity firm Abraaj.
The statement came after Abraaj founder Arif Naqvi and a former Abraaj executive were arrested last week on U.S. charges that they defrauded investors, including the Bill & Melinda Gates Foundation.
“The DFSA can confirm it is communicating with the SEC, with whom it has a long-standing mutual assistance relationship, and other relevant local and overseas authorities on this matter,” the Dubai regulator said in its statement.
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