December 8, 2022

Abraaj audit finds funds mingled corporate and investor cash

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By Simeon Kerr From Financial Times Private equity group lacked governance but did not embezzle funds, Deloitte finds Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a forensic review of two funds at the struggling private equity firm by Deloitte has found. The emerging-markets […]