ARIF NAQVI SENTENCED TO 300 YEARS IN PRISON IN US London [Online] A British court has ruled that Arif Naqvi, a Pakistani-born businessman and founder of the Abraaj Group, should be extradited to the United States.
In Britain, District Judge Emma Arbontant ruled in favor of deporting Arif Naqvi, after which the founder of the Abraaj Group will be extradited to the United States. A British judge has ruled that Arif Naqvi's safety and fundamental rights should be ensured in a US prison. He was sentenced in the United States to 300 years in prison on charges of money laundering, fraud, and forgery.
Abraj Group is also the largest partner of Electric, a company that supplies electricity to Karachi
Hundreds of reports were filed in court by Arif Naqvi's lawyers, who argued that his client's life could be in danger in a US prison. According to British media, after hearing the verdict, Arif Naqvi did not express any reaction. He did not speak to the media even during his court appearance, however, his lawyers have said that they will appeal against the verdict to the High Court. Will refer... The Abraj Group, founded by Arif Naqvi, was the largest investor group in the Middle East and North America. It had a global investment of 17 17 billion, which fell to 3. 3.8 billion at the end of 2017. The main reason was the lack of investor confidence, including the World Bank and the Bill & Melinda Gates Foundation. It is alleged that Arif Naqvi transferred the funds of both the institutions to the account of Abraaj Group but the money was transferred to the account of Arif Naqvi and the investors were not informed about it.
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