Icarus: The Life and Death of the Abraaj Group

Arif Naqvi and The Abraaj Group were on the brink of changing the world of private equity in 2017 with their impact investing model. However, Naqvi was arrested on fraud charges in 2019 and is facing extradition to the United States. This new book by Brian Brivati reveals that there is no money missing in the case and that Abraaj was caught in the middle of a geopolitical war between the United States and China.

Format: Hardback
Length: 368 pages
Publication date: 20 July 2021
Publisher: Biteback Publishing

Arif Naqvi and The Abraaj Group were poised to revolutionize the world of private equity in 2017. Abraaj was a trailblazer in impact investing, which believed that generating wealth and doing good were not mutually exclusive. Through its investments in healthcare, education, and clean energy, the group had transformed communities and companies across the Middle East, Asia, Africa, and Latin America. In 2017, they were on the verge of closing a new fund, worth $6 billion, to further support these emerging markets. However, everything came crashing down on April 10, 2019. Naqvi, after landing at London Heathrow, was arrested on fraud charges. He is facing extradition to the United States and a potential prison sentence of up to 291 years if found guilty. The dominant media narrative has portrayed Naqvi as a thief and fraudster, the so-called key man in an organized criminal conspiracy.

However, in this explosive new book, Brian Brivati reveals that things are not as they seem. Through extensive research and interviews with key players, he discovers that there is no money missing in this alleged fraud case. Icarus delves into how Abraaj found itself caught in the middle of a geopolitical war between the United States and China, and how economic hitmen attempted to wipe it out when it refused to bow to the demands of these global giants.

Abraaj's journey is a cautionary tale of the power dynamics at play in the global economy, and how small companies can be caught in the crosshairs of geopolitical tensions. It highlights the importance of resilience, adaptability, and ethical leadership in navigating the complex and ever-changing business landscape.

In conclusion, Icarus is a must-read for anyone interested in business, politics, and the intersection of global power. It sheds light on the hidden complexities of a scandal that has captured the world's attention and provides a fresh perspective on the events that unfolded.

Weight: 588g
Dimension: 225 x 242 x 36 (mm)
ISBN-13: 9781785907180