The Financial Markets Tribunal Upheld The DFSA’s Actions Against Abraaj’s Founder, Mr Arif Naqvi, Including A USD 135 Million Fine
As publicised in the Dubai Financial Services Authority’s (DFSA)media release on 27 January 2022, the DFSA on the same day published its Decision Notice against Mr Arif Naqvi, Abraaj’s founder and former CEO, for his serious failings in respect of the Abraaj Group. Mr Naqvi was fined USD 135,566,183 (AED497,866,807) and also prohibited and restricted […]
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