Arif Naqvi faces 24-hour curfew after bail decision - The National:
A British court has ordered former Abraaj chief executive Arif Naqvi be freed on £15 million bail while he fights extradition to the United States to face fraud charges, an official said on Thursday.
Mr Naqvi, 58, must also remain under curfew around the clock at his west London home under the terms agreed at a hearing on Wednesday, the official said.
US prosecutors have appealed against the decision and Mr Naqvi remained in custody on Thursday pending a hearing at the UK’s High Court. Legal sources said the hearing was likely to be held within days, which could reject the offer or vary its terms.
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