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Abraaj Group: The Emerging Markets Fund Built on Misappropriated Capital - Part 5: The Price of Broken Trust
Season 16
Episode 5
Published 3 weeks, 1 day ago
Description
The story of Abraaj didn’t end with headlines or handcuffs. It ended with judgments, asset freezes, and a long, slow reckoning for everyone involved. What does justice look like after billions vanish, and what happens to the faith that made it possible in the first place?After the collapse, the legal machinery went into motion. In the United States, Arif Naqvi eventually pleaded guilty and, in two thousand twenty-two, was sentenced to one hundred years in prison. The sentence was dramatic, but it couldn’t restore what had been lost. In giant frauds, the punishment is only the start. The real damage lives on in balance sheets, careers, and broken plans.Learn more at: https://thefraudarchive.com/fraud/abraaj-group
The Fraud Archive is part of The Archive Network by Jonkai Ventures, a collection of podcasts dedicated to exploring history's greatest cons, scams, and financial crimes.
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