DFSA

Mr. Ashish Bhrugu Dave

Former Abraaj Group CFO, Ashish Bhrugu Dave, was fined USD 1.7M and prohibited from financial services for involvement in unauthorised activities and regulatory breaches.

Date

2021-06-08

Entity type

—

Action type

Multiple

Fine (as written)

USD 1,700,000

Fine (normalised AED)

6,239,000

Personal fine

Yes

Individual role

CFO

Regulations breached

Regulatory Law 2004 Arts 59(1), 90(2); DFSA Principles for Authorised Individuals; PIB Rules

Scraped at

2026-07-04T16:50:55.351417+00:00

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