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Many experts have for years warned about weak standards of governance in the region
US asset manager expected to decide this week whether to invest in Dubai-based group
Reputational damage to the Dubai firm is likely to spread as scrutiny of the sector intensifies
Rare bit of good news for private equity company fighting for survival
PwC says several parties have alleged mismanagement, commingling and misappropriation
Arif Naqvi issued $48.2m cheque with insufficient funds, but a settlement is said to be close
Judge in Sharjah set to rule on Thursday on whether a cheque was issued without sufficient funds
Deal will raise funds to help repay creditors in a court-supervised restructuring
Numerous questions hanging over the fund manager remain unanswered
Auctus Fund seeks appointment of Grant Thornton for full audit
Dubai-based private equity firm seeks to push through $1bn debt restructuring
Embattled private equity company sees protection from creditors
Dubai fund teeters on brink of provisional liquidation after months of value destruction
Dubai-based group to file for provisional liquidation to head off petitions from creditors
Private equity group lacked governance but did not embezzle funds, Deloitte finds
Blow to private equity firm’s attempts to sign a restructuring deal with creditors.
Gulf private equity group faces wind-up petition while seeking sale
US investors emerge as lead contenders to acquire scandal-tainted Dubai business
Emerging markets private equity group has come under pressure from investors
Abraaj case is more exception than norm given disincentives to take action
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