Amid the ongoing political drama, many aspects of Naqvi’s global rise and fall remain unknown to the world.
While Imran Khan has defended Naqvi, news about his funding of PTI has dominated news circuit.
His world was put upside down by some of his own misjudgements and the machinations of others.
LONDON: Abraaj founder Arif Naqvi has been in the eye of a storm after the Financial Times published an article asserting that he used a private cricket event in Oxfordshire to raise funds for Imran Khan’s Pakistan PTI and solicited funds from a sheikh of the United Arab Emirates (UAE).
The focus is also on Khan, the former prime minister of Pakistan, who has accepted for the first time that he received donations from Naqvi’s offshore company, Wooton Cricket Limited.
While Khan has defended Naqvi, the news about his funding of PTI has dominated the news circuit and will continue to do so as the Elections Commission of Pakistan (ECP) is likely to announce a decision on the PTI’s foreign funding case soon.
Amid all the political drama, many aspects of Naqvi’s global rise and fall are unknown to the world.
Naqvi, who was born in Karachi and studied there before establishing the US $14 billion Abraaj, has been at the centre of negative news even before the FT article after his arrest in London in April 2019 by Scotland Yard at the request of the US government.
What’s not known is how Naqvi went from being a billionaire and internationally recognised face of Pakistan business to being...
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