#22 | Key Man: Unpacking the Greatest Fraud in Impact Investing History
Better Money Better World
English - September 28, 2021 07:30 - 49 minutes - 45 MB - ★★★★★ - 57 ratingsInvesting Business Entrepreneurship impact investing investing sustainability Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Next Episode: #23 | Niche Businesses That Grow Fast and Drive Impact
Arif Naqvi used the language of impact investing to attract luminary limited partners like the Gates Foundation, CDC Group, and Bank of America to invest in his multi-billion dollar private equity firm Abraaj partners that turned out to be a fraud. Naqvi was stealing hundreds of millions of dollars to support his lavish personal spending. Simon Clark broke the story for the Wall Street Journal wrote the definitive book Key Man about the fall of Abraaj (available here) and provides a unique perspective on what the impact investing community to wrestle with the potential underbelly of the enlightened capitalism we preach.