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Bribe, Swindle or Steal

"The Despot's Guide to Wealth Management"

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 Ratings

🗓️ 19 March 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Prof. Jason Sharman at King's College, Cambridge, discusses his book about how kleptocrats operate and advocates for a controversial "bounty hunter" model for asset recovery.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the podcast. I'm Alexander Rogi, and today we're talking about kleptocracy,

0:11.3

how the world's most efficient and prolific thieves steal, launder, hide, and then ultimately

0:17.6

manage to enjoy the money they loot from their countries.

0:25.3

Our guest is a professor of international relations at my old college, which is fun for me,

0:30.2

King's College, Cambridge. It will be obvious in a moment that he's Australian, but his academic career has extended across five countries. We'll discuss his most recent book, The Despot's Guide

0:35.7

to Wealth Management, on the International Campaign Against

0:39.2

Grand Corruption, Jason Sharman. Thanks so much for joining me. Thanks very much for having me.

0:43.9

The book has a great cover. There's a picture of Imelda Marcus Touring the Shoe Museum.

0:50.0

Marcus's shoes must be one of the great icons of kleptocracy. Indeed, it's probably one of the most powerful symbols of conspicuous consumption

0:57.6

when it comes to spending lucid wealth.

1:00.9

There's been plenty of kleptocracy since, but in some ways, it's still one of the most

1:05.3

powerful pictures.

1:06.4

Yeah, there was an anti-corruption event in London hosted by David Cameron, and he was overheard

1:11.7

the night before he was caught on a mic calling Nigeria fantastically corrupt.

1:16.6

The next day at the summit, President Buhari was asked about the comment, and he conceded

1:20.9

that Nigeria is probably fantastically corrupt, that that was a fair description.

1:25.3

And a reporter asked if he planned to demand an apology,

1:28.5

and he said, I'll quote him, what would I do with an apology? I need something tangible.

1:33.5

I am not going to demand any apology from anyone. What I'm demanding is a return of our assets.

1:39.8

You write in your book that, quote, for the first time in history, there is a public consensus

1:43.9

that for a state to host money stolen by an official of another state is more than a You write in your book that, quote, for the first time in history, there is a public consensus

1:44.5

that for a state to host money stolen by an official of another state is morally wrong.

...

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