Documentary
United Kingdom
The movie Billion Dollar Downfall: The Dealmaker is a documentary that follows the rise and fall of billionaire Arif Naqvi, a Pakistani entrepreneur who founded the private equity firm, Abraaj Group. The firm had investments in the healthcare, education, and energy sectors across the developing world. Naqvi was regarded as a philanthropist and a poster boy for emerging market investing, counting powerful figures in business and politics as his friends.
However, in 2018, the Abraaj Group faced allegations of mismanagement and the misuse of investor funds. As a result, the company filed for liquidation in 2019. Naqvi was arrested in London at the request of the United States on charges of defrauding investors, which he denies. He faces extradition to the US.
In the movie, Naqvi tells his side of the story, claiming he's a victim of unfair accusations and that he never intended to deceive anyone. The documentary also features interviews with former colleagues, industry experts, and journalists investigating the scandal. The film sheds light on the inner workings of private equity and the fragility of trust in the financial world.
Through Billion Dollar Downfall: The Dealmaker, viewers can gain a better understanding of the complexities of modern-day finance, the impact of global capitalism, and the personal cost of seeking power and wealth.
