Abraaj founder being asked to take a few steps back?

Abraaj founder being asked to take a few steps back? Abraaj investors are asking founder Arif Naqvi to “scale back his involvement” in the private equity firm “amid a row over misuse of funds,” sources close to the matter tell Reuters. Some investors reportedly refuse to have Naqvi involved at all in running the business. The Dubai-based emerging markets private equity giant had announced in February that it would undergo a management restructuring and corporate reorganization that will see Omar Lodhi and Selcuk Yorgancioglu promoted to co-CEOs alongside Naqvi, after allegations of misuse of funds surfaced. Abraaj has denied wrongdoing.