An adviser to the Jafar family said the family was not party to the legal proceedings started by Auctus Fund in the Cayman Islands against Abraaj, although Hamid Jafar had provided Abraaj with a private loan which has since been transferred to Auctus. The petition was filed this month by Saint Vincent-based Auctus Fund against Abraaj Investment Management...
An adviser to the Jafar family said it was not party to the legal proceedings started by Auctus Fund in the Cayman Islands against Abraaj, although Hamid Jafar had provided Abraaj with a private loan which has since been transferred to Auctus. The petition was filed this month by Saint Vincent-based Auctus Fund against Abraaj Investment Management Ltd for...
The petition was filed this month by Saint Vincent-based Auctus Fund against Abraaj Investment Management Ltd for non-payment of a $100 million, according to a copy seen by Reuters. Auctus Fund is the second creditor to file a lawsuit against Abraaj, which is preparing to file for provisional liquidation in the Cayman Islands, where it is incorporated, to...