17.12.2009 - Citigroup claim forces Abu Dhabi wealth fund into the limelight
From Thenational.ae: Nobody could ever accuse ADIA, the sovereign wealth fund of Abu Dhabi, of being an attention-seeker. Cautious, low-profile, even dull yes to all of these. A show-boater never. So news that ADIA is to take on Citigroup, alleging that it was misled over a plan to buy US$7.5 billion (Dh27.54bn) of shares at a hugely inflated price, should tell us one thing above all: ADIA has done its homework and thinks it has pretty strong grounds for the claim......................................Full Article: Source
Print