Abraaj Used Colors and Noise to Prioritize Payments to Investors - Bloomberg:
It paid to make noise as an investor in the now defunct Abraaj Group.
As the buyout firm’s financial woes grew, senior management drew up a color chart to pay limited partners according to how much “noise” they made, a report by Dubai’s financial regulator showed.
Abraaj, which once managed about $14 billion, was forced into liquidation last year after being accused of mismanaging investor funds. The firm’s backers included the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corp.
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