Abraaj scandal: 15million pounds cash paid for bail, largest ever security in UK’s judicial history

Abraaj Group founder Arif Naqvi has been released on bail after arranging for the payment of £15 million – the largest security ever ordered in the UK’s judicial history.

A source at the Westminster Magistrates Court confirmed to The News that the Pakistani businessman and philanthropist has been released from Wandsworth Prison after £15 million in cash was deposited with the court – which took over three weeks to raise since the decision granting him bail in early May.

A court source said: “Arif Naqvi is free. He has been released to his home after meeting all the conditions imposed by the Court, including the payment of security.”