The US Prosecutors to investigate Abraaj Chief’s alleged bribes to Sharif brothers in 2016
US investigating whether Abraaj chief bribed Pakistani politicians
- The London police on fraud charges arrested founder of the Abraaj Group, Arif Naqvi in London in April.
- Naqvi was looking for favors from the government for the sale of Abraaj’s stake in the power distributor K-Electric to a Chinese company.
The United States prosecutors to start an investigation to inspect that was the founder of the Abraaj Group, the bankrupt private-equity firm had bribed the senior politicians in Pakistan, says the source.
The London police on fraud charges arrested founder of the Abraaj Group, Arif Naqvi in London in April. The US prosecutors accused him of fraud charges. The Abraaj Group was collapsed in 2018, earlier it was one of the largest Dubai-based private firm centered in emerging markets.
Later on, Naqvi was released on bail, put under 24-year curfew in his London apartment.
Focus on bribe paid to Sharif brothers
Afterward, the US prosecutors have charged him for paying bribes to Pakistani politicians. Currently, the focus of the prosecutors is to investigate about the bribe allegedly paid to ex-prime minister of Pakistan Nawaz Sharif and his brother Shahbaz Sharif in 2016.
During that time, Naqvi was looking for favors from the government for the sale of Abraaj’s stake in the power distributor K-Electric to a Chinese company.
Investors of Naqvi were the US, British, and French government, the Bill and Melinda Gates foundation and bank of America. Moreover, He was on the board of the fundraising foundation of Interpol, the global police agency.
However, Naqvi has repetitively denied wrongdoing.
Sharif brother’s denied
While Sharif brother’s also denied any sort of financial dealings with the Abraaj group or Naqvi. According to their lawyer they have not been contacted by the US prosecutors.
Naqvi also said that he is also a very good friend of the current prime minister of Pakistan. He considers him a “very old friend” with whom he “goes back a long way” he told British police.
According to Reham khan ex-wife of PM Imran Khan, “Naqvi funded two-third of the khan’s 2013 election campaign”.
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