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The Key Man

How the Global Elite Was Duped by a Capitalist Fairy Tale
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Key Man by Simon Clark and Will Louch explores the rise and fall of Arif Naqvi, a charismatic financier who established a billion-dollar private equity firm in Dubai. The book delves into his meteoric ascent within the financial world, revealing how his ambitions unravelled amidst allegations of deception and misconduct. It's a compelling narrative about power, ambition, and the intricate world of business and finance.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're fascinated by real-life financial scandals and the allure of high-stakes entrepreneurship. It dives into the world of investments and examines the rise and fall of a charismatic tycoon, offering a riveting insight into how ambition and deceit can reshape fortunes. Perfect for those who enjoy exploring the darker side of business deals and the individuals behind them.

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The Key Man

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The Key Man by Simon Clark and Will Louch reveals how Arif Naqvi duped the global elite.

Arif Naqvi was a man with immeasurable dreams—to end world suffering, poverty, and disease. His vision: capitalism for good; profit and progress.

Naqvi was the key figure for the global elite searching for impact investments that would make money and do good in what they called 'emerging markets'. He persuaded Western governments that he could help stabilise the Middle East after 9/11 by providing jobs and trade. When China rejuvenated the ancient Silk Road trading routes, Naqvi guided executives to business opportunities in cities they struggled to find on the map.

He teamed up with Bill Gates to create a $1 billion fund to improve healthcare in poor countries, managed huge sums for the American, British and French governments, and sat on boards at the UN and Interpol. As the Pope blessed the movement to harness capitalism for the good of the poor, Naqvi won the support of Obama's administration and Prince Charles. He was even earmarked by Western academics as a future leader of his homeland, Pakistan. One of his investors compared him to Tom Cruise in Mission: Impossible.

The only problem? In 2019 Arif Naqvi was arrested on charges of fraud and racketeering and faces up to 291 years in jail.

This is the true story of the fascinating investigation into the smoke and mirrors world of Arif Naqvi by Wall Street Journal reporters Simon Clark and Will Louch. Months after they exposed the alleged fraud in 2018, the British police arrested Naqvi as he stepped off a plane at Heathrow Airport and charged him with money laundering and misappropriating hundreds of millions of dollars.

In this jaw-dropping account, they expose the alleged fraud at the core of Naqvi's global operation and offer a window into the secretive world of investing and the Davos elite, a world populated by powerful leaders and billionaires who talk publicly about making the world a better place.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Reviews highlight that The Key Man is a gripping, impeccably researched tale of financial deception centring on Arif Naqvi, portraying the contradictions within his character. Critics describe it as a page-turner filled with rigour, linking themes of greed and manipulation with the broader financial system's flaws. The book's portrayal of the financial elite's failings, including how major figures and institutions were deceived, is both captivating and unsettling, raising critical questions about ethical capitalism and the role of investigative journalism in exposing such frauds.

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Book Details

INFORMATION

ISBN: 9780241988947

Publisher: Penguin Books Ltd

Format: Paperback / softback

Date Published: 16 February 2023

Country: United Kingdom

Imprint: Penguin Books Ltd

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 21.0mm

Width: 129.0mm

Height: 198.0mm

Weight: 245g

Pages: 352

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About the Author

Simon Clark (Author) Simon Clark is a Pulitzer-nominated journalist at The Wall Street Journal in London. A British citizen, he has been a journalist since 2000, reporting on a wide range of financial, economic and political subjects such as the poppy fields of Afghanistan, the copper mines of Congo and the banks in the City of London. Will Louch (Author) Will Louch is a British reporter at The Wall Street Journal based in New York.

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