UK Upholds Bail For PE Co. Founder Fighting US Extradition

Law360, London (May 3, 2019, 3:52 PM BST) -- A judge at the High Court in London upheld on Friday a lower court’s decision to grant the founder of private equity group Abraaj conditional bail on security of £15 million ($19.5 million) as he faces hearings to have him extradited to the U.S., where he faces fraud charges.

The High Court has dismissed an appeal by the U.S. to block a lower court's decision to grant bail to the Abraaj Group founder as he fights extradition to face allegations he plundered money from investors. (AP) Judge Michael Supperstone rejected an appeal from the U.S. government to block a district court’s...

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