Encore: Breaking Barings | Under the Water | 1

British Scandal

Wondery

Scandal, Alice Levine, Great Britain, Society & Culture, Exhibit C, British, England, History, Matt Forde, Documentary

4.5 • 6.4K Ratings

🗓️ 14 May 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

British Scandal is celebrating its third birthday! To mark the occasion we are revisiting one of our favourite ever seasons. The story of a young man who bankrupted Britain's oldest bank.

It’s the early 90s and Nick Leeson is rising through the ranks at Barings. He’s not the only employee pulling some risky financial moves. But when Leeson gets himself into a hole, he doesn’t know when to stop digging.

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Transcript

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0:00.0	Hello British scandal listeners, we're three years old, happy birthday to us.
0:09.6	To celebrate, we're going to revisit one of our favorite series.
0:13.0	So in this period of financial instability, why not listen to something close to home?
0:18.0	When people with huge salaries and egos gambled with money that wasn't theirs. This is a really juicy scandal with
0:25.4	moments that will make your heart race. So thanks for investing your time in
0:29.4	British scandal and I declare this podcast open.
0:33.0	East Malaysia, Friday the 24th of February 1995.
0:39.0	Nick Leeson steps into a dinghy with a group of other tourists.
0:43.8	He's on the banks of the Pidass River in Borneo,
0:46.2	surrounded by lush green vegetation.
0:49.4	He and his wife Lisa are Whitewater Rafti.
0:52.2	It's his 28th birthday but Nick feels much older.
0:56.1	Some days when he looks in the mirror he can hardly recognize the pale bloated face that
1:00.3	stares back. Tell me about it. Oh come on I would say a lot of things about you.
1:04.8	You don't look like Nick Lisa. Thank you that's so kind. He helps Lisa adjust
1:09.3	her life jacket. He fixes his own. His chest feels tight, a reminder of his growing anxiety. The guide asks if anyone feels brave enough to steer.
1:19.0	Leeson raises a hand. He heads to the front of the inflatable to take charge.
1:24.0	He definitely let the guy that's feeling really anxious to it.
1:27.0	He runs his hands through his thinning hair, glances back at the other tourists climbing on board.
1:32.0	When everyone's settled settled he sets off.
1:38.0	He breathes in the fresh river air. For the next hour all he has to do is concentrate on steering the dinghy.
1:45.0	The guide shouts over to him.
	...

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