DFSA

Mr Milind Ajit Navalkar

Mr Navalkar, an Audit Principal, was fined USD 500,000 by the DFSA for failing to ensure proper audits and reviews of Abraaj Capital Limited (ACLD).

Date

2022-11-02

Entity type

other

Action type

Fine

Fine (as written)

USD 500,000

Fine (normalised AED)

1,835,000

Personal fine

Yes

Individual role

Audit Principal

Regulations breached

Regulatory Law, DFSA Rulebook (GEN, AUD), Principles for Audit Principals

Scraped at

2026-07-04T16:50:59.311947+00:00