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Icarus: The Life and Death of the Abraaj Group
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The Abraaj Group had just shy of $14 billion under management by 2017; they were on the threshold of closing a new fund that would invest $6 billion into emerging markets.
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- In 2017, Arif Naqvi and The Abraaj Group were on the brink of changing the world of private equity. Abraaj was a pioneer of impact investing, it had helped transform communities and companies across the world by financing healthcare, education and clean energy projects, and it was about to close a new fund worth $6 billion. But then it all came crashing down.On 10 April 2019, after landing at London Heathrow, Naqvi was arrested on fraud charges. He is facing extradition to the United States and a prison sentence of up to 291 years if he is found guilty.The dominant media narrative has painted Naqvi as a thief and fraudster, the key man in an organised criminal conspiracy. But in this explosive book, which is based on extensive research and interviews, Brian Brivati investigates how things are not quite what they seem. Icarus explores how Abraaj found itself caught in the middle of a geopolitical war between the United States and China, and when it would not back down economic hitmen tried to wipe it out.
| Publisher | Biteback Publishing |
| Publication date | July 20, 2021 |
| Language | English |
| File size | 1.5 MB |
| Screen Reader | Supported |
| Enhanced typesetting | Enabled |
| X-Ray | Enabled |
| Word Wise | Enabled |
| Print length | 403 pages |
| ISBN-13 | 978-1785907227 |
| Page Flip | Enabled |
| Item Weight | 1 lbs (450 grams) |
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Icarus: The Life and Death of the Abraaj Group
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Features & Benefits
- Explore the pioneering impact investment journey of the Abraaj Group.
- Discover how private investments transformed economies in various countries.
- Uncover the challenges faced after political shifts in the U.S.
- Learn about the arrest of Arif Naqvi and its implications.
- Get insights from extensive research and interviews with key players.
- Understand the contrast between media portrayal and the complex truth.
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