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The Key Man: The True Story of How the Global Elite Was Duped by a Capitalist Fairy Tale
Top of the pile
84
/100
I Index Overall Rating
Readers
73/100Critics
96/100Scholars
Author:
Simon Clark, Will Louch
Publisher:
Harper Business
Date:
July 6, 2021
Two Wall Street Journal reporters dig into the fraudulent dealings of Abraaj, a Dubai-based private-equity firm whose deceptive leader, Arif Naqvi, duped Bill Gates, Western governments and others into investing hundreds of millions of dollars that were ultimately siphoned off to bankroll Naqvi's extravagant lifestyle.
What The Reviewers Say
This book tells the story brilliantly. Business books are usually boring, but this one is well paced and cleverly organised. It also draws some devastating conclusions about our over-financialised economies.
Clark and Louch['s]...excellent book, which is more true crime than finance, describes in cinematic detail how Naqvi and his colleagues pumped up valuations, moved money between the company, its funds and their personal accounts, and lied about performance. It was a classic Ponzi scheme that needed to keep raising ever bigger sums to keep going.
A meticulously researched, compelling reminder of the importance of financial oversight. It should be required reading in business schools..
... a riveting chronicle of the meteoric rise and scandalous fall of the Dubai private equity firm Abraaj and its conniving founder, Arif Naqvi.
