Foreign funding case: Arif Naqvi wanted for fraud of billions of dollars in US

ISLAMABAD (92 News) – CEO of Abraaj Group, Arif Naqvi, is wanted in the US for fraud of billions of dollars.

New revelations have surfaced about the 2.1 million US dollars funding of the Wotton Cricket Limited Dubai. According to details, the club is owned by the Abraaj Group, whose CEO Arif Naqvi is accused of frauding 1 billion dollar in the United States. He is also wanted by the US courts for frauding money from US investors and pensioners.

The FBI fears that out of the 1 billion earned through fraud, only the PTI was funded, which could be investigated by the FBI, and it will definitely investigate from the PTI also.

Arif Naqvi is currently on trial in a British court. The British lower court and the Home Department have allowed Arif Naqvi to be extradited to the United States. Arif Naqvi does not want US transfer and trial and that is why his appeal is being heard in the British High Court.

The Abraaj Group swindled 1 billion dollar, out of 14 billion dollar, from American investors, for which Arif Naqvi fled the United States. A relative of Arif Naqvi gave  67 million dollar to the PTI. In return, he was to be made finance minister.