![DUBAI, UAE. May 4, 2014 - Arif Naqvi, CEO of Abraaj Capital, is photographed in his DIFC office in Dubai, May 4, 2014. (Photos by: Sarah Dea/The National, Story by: Frank Kane, Business)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MBTFQUU6NFG4RB354I22W7NBHE.jpg?smart=true&auth=67a0d63229e0f489865c612d696fb9963e477fd7f43c0ea5a95d8883997a9855&width=400&height=225)
Arif Naqvi, founder of Abraaj. The company is facing legal action in the Cayman Islands. Sarah Dea/The National
Arif Naqvi, founder of Abraaj. The company is facing legal action in the Cayman Islands. Sarah Dea/The National
Abraaj subject of legal proceedings by second creditor
Auctus is the second creditor, after Kuwait's Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands