The Key Man cover art

The Key Man

How the Global Elite Was Duped by a Capitalist Fairy Tale

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The Key Man

Written by: Simon Clark, Will Louch
Narrated by: Peter Noble
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About this listen

Brought to you by Penguin.

'Impeccably researched and sumptuous in its detail... It's a page-turner' The Economist

'This book tells the story brilliantly... Well-paced and cleverly organised. It also draws some devastating conclusions' The Sunday Times

'A riveting account of the intertwining of brilliance and greed' The Business Standard

In this compelling story of greed, chicanery and tarnished idealism, two Wall Street Journal reporters investigate a man who Bill Gates and Western governments entrusted with hundreds of millions of dollars to make profits and end poverty but 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 stabilize 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.

'An unbelievable true tale of greed, corruption and manipulation among the world's financial elite' Harry Markopolos, the Bernie Madoff whistleblower

Con Artists, Hoaxes & Deceptions True Crime

Critic Reviews

A scorching epilogue... This is tough stuff and this is a tough book that should contribute to much greater scepticism about the bloated financial system
Impeccably researched and sumptuous in its detail...It is a page-turner, built around a riveting portrait of the key man of the title. Mr. Naqvi who comes across as a teeming mass of contradictions
A pacy and deeply-reported tale
Gripping... The account raises questions over whether 'impact investing' and 'stakeholder capitalism' are less about poverty alleviation for the world than guilt alleviation for the Davos elite
For an astonishing story of how the global economy can be manipulated, read the devastating account in The Key Man
A riveting account of the intertwining of brilliance and greed... Should be a mandatory read at all schools of journalism and business schools. It's a rare tour de force from which both can learn
Clark and Louch have done an outstanding job in untangling the knots that usually keep the secretive world of private equity out of reach for most people
This 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's a sorry tale, one that raises important questions about our ability to deliver 'ethical' capitalism
Spellbinding. You won't want to put the book down
All stars
Most relevant
A good amount of research has gone into this book. Its bewildering to see how Mr. Naqvi managed to charm investors of their money and how nobody managed to smell something funny for so long!The narrator has done a fab job!

I am still left wondering how Naqvi is still funding this downsized yet extravagant lifestyle. Looks like he plundered more money than what the book really showed. His wife continues to sit on the Board of the Malala fund! Some Justice!

Sensational work!

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The book is well researched and the timeline of events are also very well laid out, seldom does one come across a non-fictional book on financial fraud that is written and narrated so perfectly.

Good narration

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The Key Man is a gripping tale of deceit and the fall of a venture that started with a bang and went out with a bang . The way the money flows and with how little oversight is really sad to watch. Definitely worth a read and I can only imagine what a lesson it must’ve been for the people who lost money with this horrible man !

Assumption and Blind Trust are a dangerous combo

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This tale of how one man hoodwinked the world's richest billionaires, the finest financial institutions and the biggest banks is a fantastic read.

Could have been a movie, unfortunately it's reality!

Spectacular Storytelling!

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