The story behind “Billion Dollar Whale”

Australia News News

The story behind “Billion Dollar Whale”
Australia Latest News,Australia Headlines
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

An impeccably researched book on the 1MDB scandal came out last year. But not in Britain, thanks to its strict libel laws

affair, involving the alleged theft of $4.5bn from the Malaysian state development fund of that name, has felled a Malaysian prime minister, ensnared Goldman Sachs and embarrassed Hollywood bigwigs. An impeccably researched book on the scandal—by Tom Wright and Bradley Hope of the—came out last year. But not in Britain, thanks to its strict libel laws and the efforts of its fearsome “reputation-management” industry.

The other source of discouragement was a campaign led by Schillings, a British law firm acting for Mr Low. In a move unusually aggressive even by British standards, Schillings bombarded not only the publisher but also distributors, in Britain and elsewhere, with threatening letters. Several booksellers received reams of missives, some hand-delivered, which advised that suggesting Mr Low was guilty of fraud was “outrageously defamatory”.

In the run-up to the British release, Scribe issued a statement reassuring British booksellers that they are on safe legal ground. Most, including Amazon, are now willing to stock “Billion Dollar Whale”. Sarah Braybrooke of Scribe says orders from British outlets are “excellent”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheEconomist /  🏆 6. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: President Trump's China policy is working, but you'd never know that from media reportsOpinion: President Trump's China policy is working, but you'd never know that from media reportsOpinion: President Trump's China policy is working, but you'd never know that from media reports (via latimesopinion)
Read more »

Angel Olsen Tells the Stories Behind Her Stunning Music VideosAngel Olsen Tells the Stories Behind Her Stunning Music Videos'I was frustrated by being pigeonholed as, like, sad-girl guitarist...' AngelOlsen
Read more »

The True Story Behind the Most Famous Mineral Facial Water in the WorldThe True Story Behind the Most Famous Mineral Facial Water in the WorldThis Famous Facial Spray Heals Everything from Acne to Eczema—What Makes It So Special?
Read more »

The Real Story Behind Lifetime's 'Escaping The NXIVM Cult' Movie Is TerrifyingThe Real Story Behind Lifetime's 'Escaping The NXIVM Cult' Movie Is TerrifyingLifetime's new movie, 'Escaping The NXIVM Cult,' is based on the true story of 'Dynasty' actress Catherine Oxenberg and her daughter India. Here's what to know:
Read more »

The True Story Behind the Most Famous Mineral Facial Water in the WorldThe True Story Behind the Most Famous Mineral Facial Water in the WorldThis Famous Facial Spray Heals Everything from Acne to Eczema—What Makes It So Special?
Read more »

Britain to create 1 billion pound fund for clean energy technologyBritain to create 1 billion pound fund for clean energy technologyBritain will create a 1 billion pound ($1.25 billion) fund for scientists around...
Read more »



Render Time: 2025-04-04 00:30:24