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12 juin 2024 - 05:36
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Billion Dollar Downfall: The Dealmaker
He was welcomed at the White House, met billionaires like Bill Gates and counted cricket legend Imran Khan as a friend. Silent since his 2019 dawn arrest at Heathrow Airport, tycoon Arif Naqvi is now seen and heard for the first time.He called himself the ‘flag carrier of impact investing’ - the idea that you can get rich while doing good. Naqvi’s $14bn firm Abraaj invested across the developing world, improving businesses and building hospitals.Then it collapsed - the world’s biggest-ever private equity failure. Now accused of fraud and racketeering, Naqvi maintains his innocence but, if found guilty, faces 291 years in jail. So what went wrong?In a fresh examination of the meteoric rise and dizzying fall of Abraaj and Arif Naqvi, key figures speak out. And personal videos of Naqvi give a glimpse into his three-year-long house arrest.This turbulent tale leaves viewers asking whether it really is possible to deliver profit while doing good.
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