For years, Riad Salameh was praised for his revolutionary financial policies as head of Lebanon’s central bank. But suddenly, the country plunged into an economic crisis. And Salameh left the central bank with a disgraced reputation and, investigators believe, a massive personal fortune. So what happened? The FT’s Middle East correspondent Raya Jalabi walks us through the storm of allegations Salameh faces, and the decisions he made that economists think sparked the entire crisis. Clips from Associated Press, CNN, TRT World, DW News, Al Jazeera English, France 24, Asharq News, Annahar News - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: ‘The magician’: Riad Salameh and the plundering of Lebanon ‘It’s cool to have money again’: wealthy Lebanese party out the crisis Long-awaited auditor report slams governance at Lebanon central bank Lebanon’s ex-central bank chief hit with international sanctions for alleged graft - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Raya Jalabi (@rayajalabi) and Saffeya Ahmed (@saffeya_ahmed) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In 2007, when Dan Och took his hedge fund public, he was making a bet that his company would stand the test of time. More than 15 years, a bribery scandal, and a feud with his protégé later, things have not worked out as planned. The FT’s Ortenca Aliaj and Sujeet Indap go inside the saga that lost shareholders more than $10bn.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Sculptor Capital: grey areas cause grey hairs in messy bidding war Fight over Sculptor hedge fund sale entwined in Daniel Och’s tax affairs Sale of Sculptor Capital on cusp of approval after hedge fund brawl - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Ortenca Aliaj (@OrtencaAl), Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.