Former Abraaj executive Vettivetpillai consents to US extradition - The National

Former Abraaj executive Vettivetpillai consents to US extradition - The National:

A former managing partner of the now-defunct private equity firm Abraaj Group consented to extradition to the United States, where he faces fraud accusations related to the misappropriation of millions of dollars.

Former managing partner Sivendran Vettivetpillai was arrested in April last year in London as part of a crackdown on executives after Dubai-based Abraaj went insolvent. On Monday, a UK court clerk told The National Mr Vettivetpillai agreed to be extradited to the US.

Abraaj's founder and chief executive Arif Naqvi, out on £15 million (Dh68.4m) bail in the UK, is the lead defendant in the case. He is fighting extradition to the US and also had a court hearing on Monday.

Mr Vettivetpillai "is presently co-operating with US prosecutors," according to the prosecution’s skeleton argument. "It is expected that in due course he will enter guilty pleas to the superseding indictment, and will give evidence against the defendant at trial."