DUBAI: Two separate examinations into the alleged misuse of money at embattled Middle Eastern investment firm Abraaj Group found potential irregularities in its US$1bil health-care fund as well as its other vehicles, according to people with knowledge of the matter.
An audit commissioned some months ago by four high profile investors, including the Bill & Melinda Gates Foundation, suggested that money from the healthcare fund was being diverted elsewhere, said the people, asking not to be identified because the matter is private.