Collapsed Buyout Firm Abraaj Fined Record $315 Million by Dubai

• Serious wrongdoing by two Abraaj group companies included carrying out unauthorised activities in the DIFC and misusing investors’ monies. • These are the largest financial penalties ever imposed by the DFSA. The Dubai Financial Services Authority has imposed financial penalties of USD 299,300,000 (AED 1,098,431,000) and USD 15,275,925 (AED…