Rehman Azhar in “Center Stage” covered these topics:
This article is based on interviews with dozens of Abraaj employees and investors, as well as legal letters from investors, liquidators’ documents and company documents, emails and bank statements reviewed by the Journal.
Around the same time, Abraaj was looking to sell its stake in K-Electric Ltd., the electricity provider to Karachi. Mr. Naqvi tried to secure the cooperation of Pakistan’s then-prime minister, Nawaz Sharif, and his brother Shehbaz, offering a $20 million payment to businessman Navaid Malik for his help in getting it, according to company emails and people familiar with the situation. The government owns a stake in K-Electric and its approval would be required for the sale to go through.
Amendment of NAB law: Will Government and opposition agree?