The judgment was announced by Westminster Magistrates Court. Naqvi facing at least 16 charges including defrauding his investors and money laundering.
Arif Naqvi, the Pakistani founder of collapsed private equity firm Abraaj Group, has been released from custody
Naqvi's managing partner Mustafa Abdel-Wadood was arrested at a New York hotel on Thursday, Assistant U.S. Attorney Andrea Griswold told court.
ISLAMABAD: Private equity firm Abraaj’s co-founder offered to pay $20million to a Pakistani businessman in the year 2016 to to secure cooperation of then Prime Minister Nawaz Sharif in the sale of firm's stake in K-Electric, US based newspaper Wall Street Journal reported. In a report documenting Abraaj's fall, the newspaper reported earlier this week that in the year 2016, Abraaj was looking to sell its stake in K-Electric, the electricity provider to Karachi so the firm's co-founder Arif Naqvi tried to secure the…
KARACHI: Chairman of the Aman Foundation Fayeeza Naqvi was honored as one of the four winners of the first ever Global Humanitarian Award for Women's and Children's Health.
PARIS: BNP Paribas - a leading global private bank - has honored Fayeeza and Arif Naqvi, founders of the Aman Foundation in Pakistan, as the BNP Paribas 2015 Grand Prix winners, according to a press statement.