Abraaj Exec Cleared To Leave NY Jail With $10M Bail Deal

Law360, New York (April 29, 2019, 4:35 PM EDT) -- Abraaj Group managing partner Mustafa Abdel-Wadood is on track to exit a Manhattan federal detention center ahead of his trial on charges of lying to the buyout firm's backers, after a judge on Monday approved a $10 million bail package.

Abdel-Wadood, accused by Manhattan federal prosecutors of inflating the value of Abraaj funds before his $13 billion Dubai private equity firm collapsed last year, will be confined to an apartment in New York while he awaits trial.

The 49-year-old defendant must post a $10 million bond secured by two U.S. properties and will be subject to electronic monitoring, according to an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Government Agencies

Judge Analytics