The story behind “Billion Dollar Whale”

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The story behind “Billion Dollar Whale”
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  • 📰 TheEconomist
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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”.

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TheEconomist /  🏆 6. in US

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