Legal

Abraaj’s Naqvi Loses Bid to Challenge Extradition to the US

Private equity fund founder asked UK court to block the move
London judge says not enough evidence to overturn decision

Arif Naqvi in 2017.
Photographer: Simon Dawson/Bloomberg

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By Upmanyu Trivedi

March 8, 2023 at 11:25 AM UTC

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Arif Naqvi, the founder of Abraaj Group that was once the Middle East’s largest private equity fund, lost his bid to challenge the UK’s decision to extradite him to the US to face fraud and money laundering charges.