Carrian Group was a tale straight out of a John Grisham novel, running the gamut of corruption, human greed, fraudulent accounting and false profits spanning across countries.
Almost four decades since the collapse of this huge conglomerate, we still don’t know the full story—but what we do know is behind this catastrophic failure stood some very fascinating characters: the prime minister of Malaysia, a charismatic CEO, government officials and high-level executives.
This wide-ranging group all aligned to create a labyrinth of business dealings that would blow up into a high-profile investigation, the murder of an auditor and a mysterious drowning, eventually ending up as one of the largest bankruptcies in Hong Kong history.
Find out how it went down on Episode 46 of The Great Fail.
Episode Sources
Carrian: End of a dark chapter in Hongkong’s financial and judicial history
The Most Scandalous Collapses in the Financial World
Malaysian Businessman Slated To Stand Trial in Hong Kong
MALAYSIA DISCLOSES DETAILS OF BANK SCANDAL
Former liquidator’s account of Carrian scandal brings key personalities to life
Dr. Mahathir Mohamad And The Murder Of Jalil Ibrahim
Remembering the Late OP Jalil Ibrahim
In memory of Jalil Ibrahim (2)
BMF Scandal : Jalil Ibrahim,The Banker Who Knew To Much
List of 1977 Major News Events in History
HOW THE MYSTERIOUS DEATH OF AN AUDITOR IN 1983 LED TO MALAYSIA’S FIRST BANKING SCANDAL
Special Guest
Philip Bowring
Journalist, Author, Historian
Philip Bowring has been based in Asia for 39 years writing on regional financial and political issues. He has been a columnist for the South China Morning Post since the mid-1990s and for the International Herald Tribune from 1992 to 2011. He also contributes regularly to the Wall Street Journal, www.asiasentinel.com, a website of which he is a founder, and elsewhere. Prior to 1992 he was with the weekly Far Eastern Economic Review, latterly as editor.
Bowring is an honorary member of the Society of Publishers in Asia (SOPA) who, in 2015, proclaimed, “His lifework embodies the highest standards of journalistic integrity.”
His book, The Making of the Modern Philippines: Pieces of a Jigsaw State, is available in the United States in June 2022.