Founder and Group Chief Executive of the Abraaj Group Arif Naqvi from Pakistan gives a speech during the second day of the World Economic Forum Meeting on Africa in Cape Town, May 9, 2013. AFP PHOTO / RODGER BOSCH
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Abraaj Group's liquidator is seeking different ways to make payments owed to staff at the buyout firm, while it has raised funds to cover immediate payroll costs amid the company's restructuring.Separately, Abraaj may have unpaid bills to some advisory firms and for the rent on its Dubai International Financial Centre headquarters, some of the people said.Last week, Colony Capital Inc. agreed to buy some of Abraaj's funds and oversee others as the holding company and investment management units of Abraaj undergo a court-supervised restructuring in the Cayman Islands.Abraaj founder Arif Naqvi is facing a criminal case in the UAE for issuing a check without sufficient funds.
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