US prosecutors say former Abraaj director 'sought to hide cash crisis' before company collapse

Former Abraaj managing partner Sivendran Vetttivetpillai attempted to hide the firm's precarious financial position from investors while trying to raise $6bn for a private equity fund, according to US court documents. Vettivetpillai, 52, sent an email to Abraaj officials in January 2018 advocating the approach after $230m was allegedly moved from a health fund to prop up other parts of the business, US prosecutors claim. Abraaj was at that time seeking to raise billions of dollars for a...