Ex-executive at bankrupt private equity firm pleads guilty

NEW YORK (AP) — A former executive at the bankrupt private equity firm Abraaj Group has pleaded guilty to criminal charges in New York.
Mustafa Abdel-Wadood entered the plea Friday in Manhattan federal court. Wadood is an Egyptian national who has been under house arrest in New York since being granted bail in April.
Prosecutors say he joined other executives to fraudulently boost the value of the firm’s investments by over $500 million.
They say he coaxed the Bill & Melinda Gate