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High Court approves extradition of Abraaj founder to US in $billion fraud

Published:

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Swift J has refused an application for permission to appeal a 2021 decision to order the extradition of Arif Naqvi, founder of failed private equity firm Abraaj. Satisfied that the US will provide adequate care for Mr Naqvi’s mental health, and that conditions of detention would be satisfactory in the event that he were denied bail, Mr Naqvi now faces extradition to the US to stand trial on 16 counts of fraud and money laundering allegations. The US Government has a 28-day period to make necessary arrangements for “a safe and orderly surrender” of Mr Naqvi to the US.

Mark Summers KC represented the US Government (instructed by the CPS).

 

Press links include:

Abraaj founder fails in final attempt to prevent extradition to the US | Financial Times (ft.com)

https://www.reuters.com/legal/abraaj-founder-loses-challenge-us-extradition-fraud-charges-2023-03-08/