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FT News Briefing

Introducing Hot Money: The New Narcos

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 1 December 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

Hot Money is back with a new season that begins with a mysterious murder in a small town and leads to a cocaine super cartel and a secret proxy war between democracies and dictatorships.


Follow Hot Money: The New Narcos here.


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Transcript

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0:00.0

On a winter morning in 2015, an electrician is murdered in a quiet Amsterdam suburb.

0:10.0

It looks like an assassination, but there's no motive.

0:14.1

The Dutch police can't figure out what's going on.

0:17.4

Eventually, the killing leads investigators

0:20.2

into a web of cocaine loads, money laundering and shadowy government agencies that stretches from Dublin to Dubai.

0:27.0

At the centre is a cocaine super cartel and a secret proxy war between democracies and dictatorships.

0:35.0

I'm Miles Johnson and I'm an investigative reporter for the Financial Times

0:41.0

and I've always really been interested in the ways that

0:43.8

crime and business me because they always me because crime is a business.

0:49.2

The global black market it's worth trillions of dollars.

0:53.4

It's this vast ocean of shadow cash. We know it's there and we can feel its impact, but it's often hard to see.

1:01.8

That makes reporting on it pretty tough, but it's often hard to see. That makes reporting on it pretty tough, but occasionally you can

1:06.0

get a glimpse of what's happening under the surface. A man in his 50s was shot with one bullet

1:11.6

in the head. These are not, you know, bedtime stories.

1:15.0

This is getting real.

1:16.0

There's always an element of luck.

1:18.0

You don't know if somebody behind that door has a gun.

1:22.0

It became clear to me as a prosecutor that what they

1:25.4

were doing is they were using the fighters as a way to move money through the

1:31.4

system. We were locked Africans from South America looking to launder their money.

1:35.0

And then sometimes, if you keep digging,

1:39.0

you start to see a much bigger pattern.

...

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