Regulation, Risk & Compliance
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Dubai DFSA slaps $136mln fine on Abraaj Group founder Arif Naqvi
The Dubai Financial Services Authority (DFSA) has imposed a 497.86 million dirhams ($135.5 million) fine on Arif Naqvi, the founder of the discredited private equity firm, Abraaj Group. The financial regulatory agency of the Dubai International Financial Centre also imposed a fine of 4.22 million dirhams on Waqar Siddique, former…
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