Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Australians head to the polls tomorrow to elect their parliament. The country is impatient

with its political class. It's had five prime ministers in the past decade. One way to

tackle that malaise is to keep a leader in place long enough to get some big ideas pushed through.

In part because of Australia's compulsory voting, its elections are very much a community affair,

bringing neighbors and families together at the ballot box. But perhaps the most unifying

feature of voting day for many there is the democracy sausage.

But first, today, RF Nakhvi, a Pakistani businessman, is expected to appear in court in Central London.

He's hoping to walk out the front door having been imprisoned since his arrest last month.

To do so, he's got to put up a bail of 15 million pounds, around 20 million dollars.

It's believed to be the largest such security ever ordered in the country.

That record reflects the gravity of a case involving billions of dollars and that's causing

major headaches for the wider industry of private equity. In September 2017, Hamilton Lane,

which is an investment manager based in Pennsylvania, received a fairly unusual email.

Mathew Favas covers finance for the economist. The email at the subject line,

Abraj Fund 6 warning. It was accusing the Abraj group, which is a private equity firm,

so firm that invests in enlisted companies, of exaggerating the value of its investments.

So as to raise funds 6, so one of its funds, the latest funds it was raising.

The email was littered with typos and grammatical mistakes.

So its appearance was not very serious, but actually its tone was fairly sinister.

It contained phrases like there is no smoke without fire, some friendly advice.

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