UAE court adjourns criminal case against Abraaj founder

A Sharjah court has adjourned until July 5 a judgment against the founder of UAE-based private equity firm Abraaj and another executive for issuing a check without sufficient funds, Reuters reported, citing an unnamed lawyer close to the case.

The public prosecutor’s office in Sharjah had earlier issued the warrants against Arif Naqvi, who founded Abraaj in 2002, and fellow executive Rafique Lakhani, for a check that bounced.