 "Arif Naqvi, Abraaj founder")
Arif Naqvi wooed the likes of Bill Gates, the World Bank and U.S. pension funds with an ambitious pitch: Invest in his emerging-markets funds to make money—and help poor people, too.
Now some investors in the funds of Abraaj, the Dubai-based private-equity firm he founded, are alleging the company misused some of the nearly $14 billion it managed, and a lender is suing for an unpaid debt. Mr. Naqvi is trying to keep his firm afloat and defend his reputation.
The 57-year-old Pakistani deal maker was in crisis talks last week. Buyout firm Cerberus Capital Management offered $125
Now some investors in the funds of Abraaj, the Dubai-based private-equity firm he founded, are alleging the company misused some of the nearly $14 billion it managed, and a lender is suing for an unpaid debt. Mr. Naqvi is trying to keep his firm afloat and defend his reputation.
The 57-year-old Pakistani deal maker was in crisis talks last week. Buyout firm Cerberus Capital Management offered $125
