Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Regulator upholds $136 million fine on collapsed firm's founder

January 04, 2023 Reprints

The Dubai Financial Services Authority has upheld a $135.6 million fine for collapsed private equity firm Abraaj Group Ltd.'s founder and former chief executive Arif Naqvi for his serious failings in running the company, Reuters reported. Abraaj collapsed in 2018 after investors raised concerns about the management of its $1 billion healthcare fund.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. Tycoon gets death sentence for multi-billion-dollar fraud
4. UAE flash floods likely to be manageable for insurers
5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

Help

Regulator upholds $136 million fine on collapsed firm's founder

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources