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Abraaj fined $315mln by Dubai watchdog

DUBAI: Dubai’s financial regulator imposed a record $315 million fine on Abraaj Group, the collapsed buyout firm that’s already facing legal action in the U.S., Bloomberg reported. The Dubai Financial Services Authority, which oversees institutions at the …Read more

Collapsed Abraaj fined record 315 million by Dubai watchdog

Dubais financial regulator imposed a record 315 million fine on Abraaj Group the collapsed buyout firm thats already facing legal action in the US The Dubai Financial Services Authority which oversees institutions at the Dubai International
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Dubai regulator imposes 315mln penalties on two Abraaj entities

The fines were imposed for serious wrongdoing by two Abraaj group companies included carrying out unauthorised activities in the DIFC and misusing investors monies the regulator said DUBAI – Dubais financial services regulator has imposed financial
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Deals of the day-Mergers and acquisitions

Singapores anti-trust body proposed fines on ride-hailing firms Grab and Uber US investment manager Colony Capitals deal to take control of four funds belonging to Dubai-based Abraaj is encountering investor resistance four sources familiar
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Erdogans Media Grab Stymies Expansion by Murdoch Time Warner

News Corp was among the potential bidders in addition to Time Warner Inc and private-equity firms such as TPG Capital KKR Co and Dubais Abraaj Group the Washington-based watchdog group said in a February report citing instances where
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Business News at a Glance

A prospective buyer is lined up but the move raises questions about the future both of a relentless local watchdog Dubai in the United Arab Emirates manages nearly 14 billion for institutions Now some of those investors are claiming that the
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Dubai financial regulator slaps record 315mln fine on Abraaj group companies

imposed a huge penalty of 315 million on two Abraaj group companies for deceiving investors and the regulator The DFSA said in a statement on Tuesday that it handed out fines of 2993 million 11 billion dirhams and 152 million 56 million dirhams
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