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Dubai's financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said.Abraaj said in a statement discussions between it and the regulator were "ongoing".Yorgancioglu referred a Reuters request for comment to Abraaj.The investigation heaps more pressure on Abraaj which is trying to sell its investment management business to Colony Capital following a dispute with some of its investors over the use of money in a $1 billion healthcare fund.Abraaj has denied misusing the funds.In its statement, Abraaj said it was premature to speculate on actions that the regulator may or may not consider.
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