Criminal case
United States v. Arif Naqvi, et al.
- Authority
- US District Court for the Southern District of New York
- Case number
- Not published
- Filed or opened
- 2019
- Organization
- Abraaj Group
- Current stage
- Naqvi indicted and contesting extradition from the United Kingdom, not surrendered or tried as of October 2026S5. Co-defendants Mustafa Abdel-Wadood and Sivendran Vettivetpillai pleaded guilty and agreed to cooperateS3S7. Waqar Siddique, Rafique Lakhani and Ashish Dave were charged in June 2019 and remain outside US custody.
- Outcome
- Pending. Naqvi not tried, two defendants awaiting sentencing after guilty pleas.
Decisions and steps
Claims this case bears on
- Supported88The US Securities and Exchange Commission said that former Abraaj managing partner Sivendran Vettivetpillai pleaded guilty to federal criminal charges and settled SEC charges over the Abraaj conduct.Regulator statement, 1 March 20222 records citedFraud
- Partly supported66Dawn reported in March 2023 that Abraaj founder Arif Naqvi lost his final UK challenge to extradition and would be sent to the United States for trial.Press report, 9 March 20231 record citedCorporate status
Sources
- S7Tier C Abraaj investors were lied to, says former executive as he pleads guilty to conspiracyThe National. Press report. 29 June 2019.Reports Abdel-Wadood's guilty plea to conspiracy in Manhattan federal court and his agreement to cooperate. It does not name the judge.
- S3Tier A SEC Charges Former Abraaj Managing Partner for Assisting Abraaj's Misappropriation of Private Fund AssetsUS Securities and Exchange Commission. Regulator press release. 1 March 2022.Supports Vettivetpillai's July 2021 guilty plea and his settled SEC charges with a bar. It does not give the criminal sentence.
- S5Tier C Arif Naqvi loses final appeal against extradition to USDawn. Press report. 9 March 2023.Reports the UK High Court refusal of Naqvi's final challenge and the 28-day surrender window. It does not confirm that he was later surrendered.