Abraaj Founder Arif Naqvi Slams Report Over Securing Ex-PM Nawaz’s Support for sale of private power distribution firm

ISLAMABAD: A story published in the Wall Street Journal(WSJ) earlier this week reported that Naqvi offered a $20 million payment to a Pakistani businessman to secure the cooperation of then Prime Minister Nawaz Sharif in the sale of Abraajs sale of its stake in Karachi’s private power distribution firm, which supplies electricity to Karachi and is also partly owned by the Pakistani government.

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Abraaj founder Arif Naqvi has denied media reports that he was involved in corruption surrounding the sale of the embattled private equity funds stake in Pakistan’s private power firm and again denied any misuse or appropriation of Abraaj funds.

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