Out on bail: Naqvi is charged with inflating the value of the firm’s holdings and stealing hundreds of millions of dollars. He is released on bail of US$20mil. — Reuters
LONDON: Five months before the events that led to the collapse of Abraaj Group, the biggest in private equity history, one of the firm’s investors was warned about putting more money in, according to an email chain reviewed by Bloomberg News.
At least two senior executives of Hamilton Lane Inc received an anonymous email in September 2017 advising them not to invest in a planned Abraaj global emerging-markets fund, the emails show.
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