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US investigating whether Abraaj chief bribed Pakistani politicians

US prosecutors probing founder of bankrupt private equity group Arif Naqvi over alleged bribery

Arif Naqvi, founder and chief executive of the Abraaj Group
Arif Naqvi, founder and chief executive of the Abraaj Group Photo: Getty Images

US prosecutors are investigating whether the founder of the bankrupt private-equity firm Abraaj Group bribed senior politicians in Pakistan, according to people familiar with the matter.

Arif Naqvi was arrested by UK police in London in April after US prosecutors indicted him on charges of fraud. Dubai-based Abraaj was the largest private-equity firm based in emerging markets before it collapsed in 2018.

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