Abraaj posts $188 million loss after using investor funds, says PwC

PricewaterhouseCoopers  and Deloitte were hired as the provisional liquidators of Abraaj.   Abraaj Holdings had an “unusual” business model reliant on short-term borrowing, and key financial statements are missing or non-existent, according to one of the firms tasked with salvaging the Dubai-based private-equity firm’s assets. In a report seen by Bloomberg…