The key man : how the global elite was duped by a capitalist fairy tale / Simon Clark and Will Louch.  (Text) (Text)

Clark, Simon, 1975-
Louch, Will
Call no.: HG5435.5 .C53 2021Publication: London : Penguin Business, 2021Description: 336 pNotes: Reprint. Originally published: New York: Harper Business, 2021.ISBN: 9780241439128 (pbk.); 0241439124; 9780241439104 (hbk.); 0241439108 (hbk.)Subject(s): Naqvi, Arif, 1960-Abraaj GroupInvestment advisors -- Great Britain -- BiographySwindlers and swindling -- Great Britain -- BiographyInvestment advisors -- Corrupt practicesCommercial crimesLOC classification: HG5435.5 | .C53 2021
Contents:The boy from Karachi -- A glittering oasis -- Now we rule -- The great showman -- Karachi electric -- Arab Spring -- Impact investing -- The cult of Abraaj -- Turks will always drink milk -- Cash crunch -- Dream weavers -- Healthy lives -- Breathe, smile, say alhamdullilah, and proceed -- America first -- Doubling down -- Peak Abraaj -- Don't make nice with a fraudster -- Keys to the kingdom -- Flight risk.
Summary: Two Wall Street Journal reporters expose a man who Bill Gates and Western governments entrusted with hundreds of millions of dollars to make profits and end poverty who now stands accused of masterminding one of the biggest, most brazen frauds ever Arif Naqvi was charismatic, inspiring and self-made. The founder of the Dubai-based private-equity firm Abraaj, he was the Key Man to the global elite searching for impact investments to make money and do good. He persuaded politicians he could help stabilise the Middle East after 9/11 by providing jobs and guided executives to opportunities in cities they struggled to find on the map. Bill Gates helped him start a billion-dollar fund to improve health care in poor countries, and the UN and Interpol appointed him to boards. Naqvi also won the support of President Obama's administration and the chief of a British government fund compared him to Tom Cruise in Mission: Impossible. The only problem? In 2019 Arif Naqvi was arrested on charges of fraud and racketeering at Heathrow airport. A British judge has approved his extradition to the US and he faces up to 291 years in jail if found guilty. With a cast featuring famous billionaires and statesmen moving across Asia, Africa, Europe and America, The Key Man is the story of how the global elite was duped by a capitalist fairy tale. Clark and Louch's thrilling investigation exposes one of the world's most audacious scams and shines a light on the hypocrisy, corruption and greed at the heart of the global financial system and asks important questions about the relationship between business, politics and philanthropy.
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Reprint. Originally published: New York: Harper Business, 2021.

Includes bibliographical references and index.

The boy from Karachi -- A glittering oasis -- Now we rule -- The great showman -- Karachi electric -- Arab Spring -- Impact investing -- The cult of Abraaj -- Turks will always drink milk -- Cash crunch -- Dream weavers -- Healthy lives -- Breathe, smile, say alhamdullilah, and proceed -- America first -- Doubling down -- Peak Abraaj -- Don't make nice with a fraudster -- Keys to the kingdom -- Flight risk.

Two Wall Street Journal reporters expose a man who Bill Gates and Western governments entrusted with hundreds of millions of dollars to make profits and end poverty who now stands accused of masterminding one of the biggest, most brazen frauds ever Arif Naqvi was charismatic, inspiring and self-made. The founder of the Dubai-based private-equity firm Abraaj, he was the Key Man to the global elite searching for impact investments to make money and do good. He persuaded politicians he could help stabilise the Middle East after 9/11 by providing jobs and guided executives to opportunities in cities they struggled to find on the map. Bill Gates helped him start a billion-dollar fund to improve health care in poor countries, and the UN and Interpol appointed him to boards. Naqvi also won the support of President Obama's administration and the chief of a British government fund compared him to Tom Cruise in Mission: Impossible. The only problem? In 2019 Arif Naqvi was arrested on charges of fraud and racketeering at Heathrow airport. A British judge has approved his extradition to the US and he faces up to 291 years in jail if found guilty. With a cast featuring famous billionaires and statesmen moving across Asia, Africa, Europe and America, The Key Man is the story of how the global elite was duped by a capitalist fairy tale. Clark and Louch's thrilling investigation exposes one of the world's most audacious scams and shines a light on the hypocrisy, corruption and greed at the heart of the global financial system and asks important questions about the relationship between business, politics and philanthropy.

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