Deals
Dubai Financial Regulator to Focus on Abraaj Management in Probe
- DFSA to ‘use all of our powers to deal’ with guilty people
- Abraaj forced into liquidation, accused of mismanaging funds
Dubai skyline
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The Dubai Financial Services Authority said its investigation into the collapsed Abraaj Group is focusing on the buyout firm’s senior management and people who failed to report irregularities.
“We will use all of our powers to deal with those who are found to be culpable,” the regulator said in its 2018 annual report published on Tuesday. “This investigation is highly complex, on a wide scale and is being pursued vigorously.”