Abraaj scandal: the world's largest private equity insolvency - Videos - Arabianbusiness:
In court papers last year, US prosecutors said Naqvi stole more than $250m. But in a new filing on Friday, the liquidators put the losses much higher, claiming Naqvi stole $385m from 2009 to 2018 as he moved money for his own use in more than 3,700 transactions.
The liquidators are at work trying to trace the transactions and have asked a New York judge for permission to file subpoenas on 18 banks.
Naqvi, who has denied wrongdoing, is under house arrest in London facing possible extradition to the US.
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