The Man Behind the World's Biggest Private-Equity Insolvency
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- เผยแพร่เมื่อ 17 ต.ค. 2018
- Arif Naqvi, founder of Dubai-based private-equity firm Abraaj, said he could make profits by doing good. But investors suspected he was mismanaging their money, allegations Naqvi denies. Photo Illustration: George Downs/The Wall Street Journal
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Really interesting but the level of emotion in this video is lower than Abraaj's liquidity
Sir, if I could ship you a Nobel for this I would.
Painful thing about this is that Arif was actually right about the emerging markets dynamics. But this makes it harder for folks to see it.
The greed of the already wealthy never ceases to amaze me. 🙄
End it, break the chains of capitalist opression.
the classic: thieves calling people thieves. evil churches claiming others as evil. never gets old never vanish
True.
Ethical investing starts with ethical people. SMH 🍸😶
The company lacked proper governance is separation of management from ownership which caused a conflict of interest leading to abuse of power by the founder/owner/ceo naqvi. A simple separation of management and ownership would have been sufficient to avoid such issues in the futures and maybe some penalty. But here we are destroying a success story of investing in developing markets while once again perpetuating the myth that somehow investing in developed markets is lot more stable while ignoring a lot big frauds done by individuals/institutions in the developed markets. Literally every second book on finance is written on the financial frauds in the developed markets.
*Thank you WSJ, very cool!*
Carlo Ancelotti?
Thanks alot for exposing him;)
Am I the only one who feels the commentator is boring AF
Plus giving him a stool to sit on in front of a green-screen while narrating the show? Really @WallStreetJournal?
Love the body language at 5:15 when he says: "We need to be transparent"
Very well noticed
He has links with the ex Pakistani Prime Minister who was disqualified because his name came up in the Panama Leaks.
Also a big investor behind PTI
@@Regular.Biceps irrelevant to his dirty work with nawaz sharif.....
HTC one Ali Ahmad ture! That is the main reason PTI has filed an application in Election comission of Pakistan seeking secrecy of the scrutiny of its foreign funding
3:04 "Western assessment of the emerging market risky is unfair." Arif Naqvi
He proved himself their assessment is right. 😂
So far Arif is a strong second to Bernie Madoff
Cool!
I feel it was not misappropriation, that Arif did. There was no corporate governance.. they used to run many funds at the same time...real estate, special opportunity, health care, education, fixed income etc etc.. once they find shortage in one fund, if the subscribers fail to contribute or delay the contribution, they will take money from one fund to another.. they had drawn down healthcare but did not invest in any.. instead used it for another fund.. when they were cought, everything came down like a pack of cards !!
This is the simple reading by an outsider...not, sure though!!
Comments sought for and willing to b corrected...
What about the payments he made to himself?
Naqvi hosted the Prime Minister and is being accused of funding the PM's opponent who is now in power.
He is a egoist fake business person who think he knows the business world. But actually he is like every other rogue Asian businessmen.
Like all fake people they eventually get exposed for who they really are.
Money corrupts.
He had links with ruling elite in Pakistan. Both Zardari & Shareef were his friends.
Lol. Really. What about imran khan😂😂😂
Totally misleading, private equity investing is about the riskiest of investments. That this guy invested in his ex-assistants’s start-up is portrayed as an investment decision compromised by their pre-existing relationship, when it is more likely that it was an investment made as a result of what ever his name is being impressed by the ex-assistant’s methodical reliability in very stressful and demanding situations. Secondly that there is a seemingly circular investment via the air Arabia company can be explained by a multitude benign reasons. Lastly that there fund invested in a Pakistani electrical utility company and then sought to broker a sale of a related company is what Goldman Sachs does and or nearly every other investment bank on the planet.
What he is guilty of is seemingly being pompous in extolling the virtues of venture investing in emerging markets. He seemingly lectures, pontificates against and if not castigates conventional investment theories and practices. The key to successful venture investing is being liquid and or better still finding the liquidity in greater fools to grown and establish your seed investment.
Are you ignoring all of the payments he made to himself?
Nice nice..
Walking Paradox!! That last clip was soo cringe too.
His speech at the end is ridiculous. He talks from such an elevated point of view. All he will be remembered for is being a crook and wasting money that could have been used for good purposes. My life will be remembered better than his.
Just sell your stocks and pull all of your money out of the banks already. Guaranteed excitement!
he can promove bitcoin since 2009 you know?
Murica in a person
Another Crook who says will help poor but helped himself with the money collected & invested.
Give me the guy who tells you he wants to make as much money as possible at least we know his motives.. the man who says he's doing for the "public good" is a man you can't trust
How a "Wall Street" journalist can so ignorant that Abraaj was never transacted during Sharif era? It was a much earlier transaction. Reporter need a bit more research.
It's really funny ...they highlight he misappropriated thousands of millions....but can only show two $300 k amount transfers to his sons company and to Modist .
Pakistani+ dubai =deadly recipe for disaster
UK +is Endia =land of runaways
Vijay Mallia best example
Just another con-man
Hehehe!!! What people will remember is who you are and how you used their money.
LOL... plz do little more research *Wall Street Journal* Nawaz sharif was not prime minister of pakistan in 2008. He came in power in 2013.
actually western media want to portrait Nawas is a bad guy because Nawas aligned with China and this is happening because of the frustration of western power brokers who is knocking out Pakistani politicians and their finance. Abraaj Arif may be good or bad, but his hidden friends are not with him anymore
video is great at x1.5 speed
so people of pakistan specially karachites are still paying heavy electric bills to k electric ..... and naqvi also supported pti's election compaign ...... how ik is transparent? ...... batein c* walo bas
1:45 , he double affirmed and licked his lips... liar liar pants on fire
Only a fool would give money to a Dubai-based firm, or a firm in any country that doesn't have functional regulatory and legal systems (which are only found is countries with functional democracies).
His last clip was a serious joke 😂..as a Pakistani i feel offended WSJ.. 😏
Great just use people's money to set up sons business
What a sham, never stops talking of principles and transparency. But none of it applies to his work.
Good information very bad video
Dubai is dead camel
Emotionless 3rd class documentary
It's not NAHkwee. It's NUCKwee. As a Pakistani, it is beyond annoying to hear that mispronunciation.
We don’t care about your pronunciation
What you are expecting from Pakistani. Never invest in Pakistani company or company run by Pakistani
Coming from an Indian.
Same goes for Indian....two sides of same coin...
The are saying the same about VIJAY MALYAA!
WHAT A SNAKE.!!!