Dubai Regulator Hits Ex-Abraaj Finance Chief With Record Fine
- Former finance chief Dave handed record $1.7 million fine
- Dubai regulator rejects request for waiver of penalty
Photographer: Christopher Pike/Bloomberg
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The former finance chief of the now-defunct Abraaj Group said he was aware of the fraud that led to the private equity firm’s 2019 collapse but was too afraid to speak out, according to the Dubai financial regulator.