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Abraaj founder does not post $20m bail, remains in jail

Arif Naqvi, the founder of the UAE’s Abraaj Group is still being held in a UK jail after winning bail since he has not yet paid the 15m pounds ($19.72m) security bond, according to media reports. Naqvi, who is facing an extradition case to the US on charges of fraud…

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Click here to read the full story: Gulf Business

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