WEBVTT - The Human Egg Trade: Episode 1 - The Lie

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Hi Wanha Here. This week we're airing the first episode

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<v Speaker 2>of a special series from Bloomberg's investigations team and The

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<v Speaker 2>Big Take podcast. It's an in depth look at the

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<v Speaker 2>global trade in human eggs. A batch of human eggs

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<v Speaker 2>is extracted from a woman somewhere on the planet roughly

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<v Speaker 2>every fifteen seconds, and as the demand for these eggs

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<v Speaker 2>has grown, so has the potential for exploitation and even theft.

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<v Speaker 2>So to understand this market, Bloomberg reporters across the globe

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<v Speaker 2>spent a year talking to people who are at the

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<v Speaker 2>center of this booming industry that harvests from the bodies

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<v Speaker 2>of women and sometimes even girls. The three part series

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<v Speaker 2>was first published in The Big Take podcast in December,

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<v Speaker 2>and we'll be publishing the second and third episodes this week.

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<v Speaker 2>Make sure to subscribe to The Big Take Asia to

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<v Speaker 2>hear them when they're out. Here's our first episode.

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<v Speaker 3>This story starts with a young girl in India, barely

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<v Speaker 3>a teenager who loves doing hair and makeup and helping

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<v Speaker 3>her mom put on her sorry. When she grows up,

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<v Speaker 3>she'd like to become a beautician, and in twenty twenty three.

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<v Speaker 3>She wanted what so many teens around the world want,

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<v Speaker 3>a smartphone, and was a phone vihe Nakha. The girl

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<v Speaker 3>says that like everyone in her generation, she loves using phones.

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<v Speaker 3>She'd asked her mom for one, but her mom said

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<v Speaker 3>the family couldn't afford it. Then she heard about a

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<v Speaker 3>way she could make the money herself. And because of

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<v Speaker 3>what it involved and for reasons that will soon become clear,

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<v Speaker 3>the girl and her family have asked that we not

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<v Speaker 3>use her name. The idea came from someone she trusted,

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<v Speaker 3>zeik Mirda mohleki Chachi means aunt in Hindi. It's what

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<v Speaker 3>the girl called her grandmother's neighbor. The woman's name is Sema.

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<v Speaker 3>We're not using her last name because it could help

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<v Speaker 3>identify the girl. And Sema knew a way the girl

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<v Speaker 3>could get the money for a phone, but if she

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<v Speaker 3>went through with it, she wasn't allowed to tell her mom.

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<v Speaker 4>The girl said that Sema didn't really explain what it was.

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<v Speaker 5>She has said herself.

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<v Speaker 4>You know, I'm a kid like I didn't really understand

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<v Speaker 4>what was being done to me or what was going

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<v Speaker 4>to happen to me.

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<v Speaker 3>That's Natalie Obiko Pearson. She's an investigative reporter for Bloomberg

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<v Speaker 3>who was based in India for many years.

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<v Speaker 4>Sema just told her this is how you can make

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<v Speaker 4>fifteen thousand rupees really quick, and so she was like, okay,

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<v Speaker 4>I'll go along with it.

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<v Speaker 3>Fifteen thousand rupees is about one hundred and eighty US dollars.

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<v Speaker 4>It might be more than what her mother makes in

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<v Speaker 4>a month, so it's a lot of money in her world.

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<v Speaker 4>But again, she had no idea what she was getting into.

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<v Speaker 4>All she wanted was a phone and it ended up

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<v Speaker 4>having these consequences that she never could have imagined.

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<v Speaker 3>She'd agreed to sell her ex In doing so, she

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<v Speaker 3>was pulled into a global industry that's boomed in the

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<v Speaker 3>last twenty years, especially within India.

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<v Speaker 4>Fertility is a big business everywhere, but especially in India

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<v Speaker 4>just because of the size of the market there and

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<v Speaker 4>global money has been pouring into that market. And there

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<v Speaker 4>are parts of India where you would walk along a

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<v Speaker 4>single street and there would be like four or five

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<v Speaker 4>fertility clinics there that had cropped up within the span

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<v Speaker 4>of a few years. The analogy that everybody use is

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<v Speaker 4>like they were like mushrooms. Once they began to grow.

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<v Speaker 4>They just began cropping up everywhere.

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<v Speaker 3>Today on the show The Human Egg Trade, a special

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<v Speaker 3>series from Bloomberg's investigations team, and the Big Take podcast.

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<v Speaker 3>Well IVF or in vitro fertilization has been around since

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<v Speaker 3>the nineteen seventies. Early success rates were low, but over

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<v Speaker 3>the last two decades, advancements in technology and funding from

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<v Speaker 3>the biggest investment banks and private equity firms have made

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<v Speaker 3>it possible for the fertility industry to flourish. Now, a

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<v Speaker 3>batch of human eggs is extracted from a woman somewhere

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<v Speaker 3>on the planet roughly every fifteen seconds. Most are from

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<v Speaker 3>women who plan to use those eggs themselves, but at

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<v Speaker 3>least six percent come from women who donate their eggs.

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<v Speaker 3>That's the fertility industry's term donate, though in reality many

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<v Speaker 3>of these women are paid. Bloomberg reporters across the globe

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<v Speaker 3>have spent the last year trying to understand this new

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<v Speaker 3>booming market for human eggs. The stories they found shed

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<v Speaker 3>light on a supply chain where the prize commodity is

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<v Speaker 3>harvested not from fields, fisheries, or mines, but from the

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<v Speaker 3>bodies of women and even girls. It's a global and

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<v Speaker 3>opaque mart where a demand is so great that even

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<v Speaker 3>where regulations are in place, there are powerful incentives to

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<v Speaker 3>evade them. That's been the case in India, where our

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<v Speaker 3>series starts, and where the story of One Girl shows

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<v Speaker 3>how far some people will go to get a cut

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<v Speaker 3>of this trade, even if it means exploiting a child.

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<v Speaker 3>Our story starts after the break. Bloomberg's Natalie Obiko Pearson

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<v Speaker 3>says there are a few reasons why India is seen

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<v Speaker 3>as the de facto capital of the fertility industry.

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<v Speaker 4>One is because the sheer size of the population makes

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<v Speaker 4>the global IVF market there extremely large.

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<v Speaker 3>The other reason is cultural.

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<v Speaker 4>There's an incredible amount of pressure on women to give

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<v Speaker 4>birth in India, like as soon as you get married,

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<v Speaker 4>the pressure begins of like when are you going to

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<v Speaker 4>get pregnant? When are you going to bring us a

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<v Speaker 4>sun And that drives the egg donation market because couples

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<v Speaker 4>there are often willing to maybe just try like one

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<v Speaker 4>cycle off and then if they don't get pregnant, will

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<v Speaker 4>immediately opt for a donor egg. And it was such

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<v Speaker 4>a striking phenomenon that a couple IVF doctors actually said

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<v Speaker 4>it took them by surprise. At first, they would have

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<v Speaker 4>thought that people would have opted to go for a

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<v Speaker 4>few more cycles, you know, wanting their children to have

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<v Speaker 4>their own genetic makeup. But they were like, no, the

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<v Speaker 4>pressure and the expense was so much that they were like,

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<v Speaker 4>let's just go to donation straightway.

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<v Speaker 3>In other words, a couple might bet that buying another

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<v Speaker 3>woman's eggs could give them a quicker path to a

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<v Speaker 3>successful pregnancy. Natalie says fertility clinics in India serve a

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<v Speaker 3>wide range of customers, people from all parts of the country,

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<v Speaker 3>all around the world, and from all walks of life.

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<v Speaker 3>But she says the typical donor has a much narrower profile.

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<v Speaker 4>It's less privileged women coming from marginalized communities. I mean,

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<v Speaker 4>if you just think about the actual procedure of an

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<v Speaker 4>egg donation, it's an incredibly invasive procedure. It requires days

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<v Speaker 4>of hormones, you have to go under general anesthesia to

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<v Speaker 4>have the eggs existed. So what person is going to

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<v Speaker 4>do that? Completely altruistically? Right, Like, the people who are

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<v Speaker 4>doing it are usually doing it because they need money,

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<v Speaker 4>and so that means that most of the donors are

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<v Speaker 4>coming from poorer neighborhoods.

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<v Speaker 3>And more vulnerable backgrounds. In twenty twenty one, after sixteen years,

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<v Speaker 3>eight drafts and three parliamentary studies, Indian lawmakers passed the

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<v Speaker 3>country's first regulations regarding egg donations. The new law created

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<v Speaker 3>a national registry of fertility clinics. It also made it

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<v Speaker 3>illegal to sell eggs, though the industry still manages to

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<v Speaker 3>pay donors by compensating for related costs like their time

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<v Speaker 3>and travel, and it also made it illegal for anyone

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<v Speaker 3>under twenty three years old to donate.

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<v Speaker 4>Anecdotally, you hear that egg donations dropped off quite a

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<v Speaker 4>bit after the law came in, just because a lot

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<v Speaker 4>of people didn't want to be on the wrong side

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<v Speaker 4>of the law, and maybe it got more difficult source donors.

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<v Speaker 3>At least to source those donors. Legally, the law was

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<v Speaker 3>supposed to prevent egg donations from underage girls, but Natalie

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<v Speaker 3>says it's still fairly common. They're often brought in by

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<v Speaker 3>people like Sema, people known in the industry as agents.

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<v Speaker 4>They're not employed by any particular company or clinic. They're

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<v Speaker 4>out there and they're in the neighborhoods trying to source

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<v Speaker 4>women to donate, or rather sell their eggs, and so

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<v Speaker 4>these are often former egg donors themselves, or they might

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<v Speaker 4>be a cleaner at a hospital. It might be a

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<v Speaker 4>woman in the neighborhood who is also sourcing blood donations

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<v Speaker 4>and kidney donations and the like. And so word travels

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<v Speaker 4>along the grapevine and a lot of less privileged neighborhoods

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<v Speaker 4>that this is one way to make some fast cash

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<v Speaker 4>if you need it.

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<v Speaker 3>The girl's family comes from one of the lowest tiers

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<v Speaker 3>in India's cast system. She says her father isn't around much,

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<v Speaker 3>her mother's parents help them get by, so the money

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<v Speaker 3>Seema offered the girl for her eggs was tempting. Once

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<v Speaker 3>she signed on, the plan unfolded over two weeks. It

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<v Speaker 3>started with shots.

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<v Speaker 4>So it was ten days of visiting the clinic and

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<v Speaker 4>going four hormones shots to stimulate her ovaries to produce

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<v Speaker 4>the eggs. She was doing this all in secret from

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<v Speaker 4>her family, so she did talk about how she was

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<v Speaker 4>getting really sick of it at the end, and Sema

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<v Speaker 4>was having to sort of cajole her and make sure

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<v Speaker 4>she attended her appointments. And you know, I've undergone IVF myself.

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<v Speaker 4>I know what those hormone shots are like and they

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<v Speaker 4>can really really mess with you. You end up feeling

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<v Speaker 4>incredibly bloated, Your emotions are all over the place.

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<v Speaker 5>It can be painful at times.

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<v Speaker 3>To the extent that you know, did she have any

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<v Speaker 3>doubts during that process.

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<v Speaker 4>I think there were moments where she was like, Oh,

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<v Speaker 4>I'm done with this, this is like too much.

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<v Speaker 3>But the girl told Natalie that by that point, Sema

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<v Speaker 3>said it was too late.

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<v Speaker 4>Sema was like, no, you can't back out. You're going

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<v Speaker 4>to your appointments. You know, we're spending money on you

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<v Speaker 4>to receive these medications, so you're going to go.

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<v Speaker 3>The girl was about thirteen years old, though her family

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<v Speaker 3>isn't sure of her exact birthday. That meant that what

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<v Speaker 3>she was preparing to do was illegal. So on the

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<v Speaker 3>morning of her retrieval, Sema helped the girl disguise her age.

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<v Speaker 3>They started with her outfit.

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<v Speaker 4>Once her mother left the home, the girl got up

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<v Speaker 4>and she had been told to wear a sari. So

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<v Speaker 4>the girl typically wears what we call some of archamza's

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<v Speaker 4>in India. They're kind of like a tunic and it

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<v Speaker 4>can make a slim body look very slim. The sari

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<v Speaker 4>was intended to make her look older, curvier like an adult.

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<v Speaker 3>The girl met Sima outside the clinic. Another woman was

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<v Speaker 3>with her, an agent named Anita. The girl told Natalie

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<v Speaker 3>it was Anita who had arranged the fake id, and

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<v Speaker 3>the girl says the two women had a few more

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<v Speaker 3>tricks to make her look older before she went inside.

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<v Speaker 3>But the Awadani about the think.

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<v Speaker 4>They began putting on all of these sort of accessories

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<v Speaker 4>that signify a married woman in India, so like a

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<v Speaker 4>vermilion bindi on the forehead and a Mongol Sutra wedding necklace,

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<v Speaker 4>and then they had a toddler ready for her. So

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<v Speaker 4>they had lied to the clinic and said that she

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<v Speaker 4>had already given birth twice, and so she was given

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<v Speaker 4>a fake child to take into the clinic with her.

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<v Speaker 3>Did the people in the clinic believe that she was

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<v Speaker 3>who she said she was and she was as old

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<v Speaker 3>as she said she.

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<v Speaker 4>Was, Well, that's one of the things, right, I mean,

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<v Speaker 4>clearly some red flags did go up. The doctors who

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<v Speaker 4>were counseling her before the procedure. At one point they

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<v Speaker 4>asked Sema to leave the room because they wanted to

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<v Speaker 4>hear from the girl herself. And then they were like, Okay,

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<v Speaker 4>why are you doing this? How many children have you had?

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<v Speaker 3>The girl says she answered those questions the way Sema

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<v Speaker 3>had coached her. If the doctors were skeptical, they didn't

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<v Speaker 3>stop the procedure from going forward. They wheeled the girl

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<v Speaker 3>into the operating room, put her under anesthesia, and started

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<v Speaker 3>the retrieval.

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<v Speaker 4>They take a really really long needle and they push

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<v Speaker 4>it up your vagina and they go to the ovaries

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<v Speaker 4>where follicles have been developing. And so the follicles, probably

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<v Speaker 4>dozens of them in many cases, are about half an

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<v Speaker 4>inch long, and they put the needle in there and

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<v Speaker 4>they aspirate the egg out, so they sort of like

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<v Speaker 4>suck it out, and they pull these out and they

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<v Speaker 4>put them into a dish.

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<v Speaker 5>It's usually quite quick. It's over in about ten minutes.

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<v Speaker 3>The girl says she woke up from the procedure feeling woozy.

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<v Speaker 3>She was in pain, her stomach hurt, and she was

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<v Speaker 3>alone theater.

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<v Speaker 4>When she comes to she's like, nobody's there, the doctor's gone,

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<v Speaker 4>nobody's talking to me.

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<v Speaker 3>Just make it. Man says thirty, yeah, Tombulnkan giant.

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<v Speaker 4>She sees a nurse She's like, can I go and

0:12:49.760 --> 0:12:51.959
<v Speaker 4>the nurse's like, yeah, sure, So she gets up and

0:12:52.040 --> 0:12:55.240
<v Speaker 4>leaves and she walks out of the clinic. Anita goes

0:12:55.280 --> 0:12:58.840
<v Speaker 4>to an atm nearby, pulls out fifteen thousand rupees, hands

0:12:58.880 --> 0:13:01.560
<v Speaker 4>it to Sema. Seema makes her cut, gives eleven thy

0:13:01.640 --> 0:13:04.280
<v Speaker 4>six hundred rupees to the girl and goes immediately to

0:13:04.320 --> 0:13:04.880
<v Speaker 4>buy her phone.

0:13:05.400 --> 0:13:08.040
<v Speaker 3>After the girl bought her phone, she tried to hide

0:13:08.080 --> 0:13:11.319
<v Speaker 3>it from her mom, but her secret didn't stay secret

0:13:11.600 --> 0:13:18.120
<v Speaker 3>for long. Coming up how that secret was exposed and

0:13:18.200 --> 0:13:20.520
<v Speaker 3>how the girl's story connects to some of the biggest

0:13:20.640 --> 0:13:37.719
<v Speaker 3>financial players in the world, Bloomberg's Natalie Obico Pearson went

0:13:37.800 --> 0:13:40.280
<v Speaker 3>to see the clinic where the girl's eggs were retrieved.

0:13:41.120 --> 0:13:43.040
<v Speaker 3>It's part of a chain which is one of the

0:13:43.080 --> 0:13:47.960
<v Speaker 3>biggest in India. It's called Nova IVF Fertility.

0:13:49.480 --> 0:13:52.040
<v Speaker 4>Walking up to the Nova IVF clinic.

0:13:53.600 --> 0:13:56.360
<v Speaker 3>It's on a busy street in Varanasi, a city of

0:13:56.440 --> 0:13:58.760
<v Speaker 3>a few million on the banks of the Ganges River

0:13:58.960 --> 0:14:02.800
<v Speaker 3>in northern India. From the outside, the clinic looks more

0:14:03.000 --> 0:14:04.160
<v Speaker 3>office building than.

0:14:04.120 --> 0:14:08.280
<v Speaker 4>Hospital, big glass building with sort of blue reflective windows,

0:14:08.400 --> 0:14:11.960
<v Speaker 4>modern and there's like an eyeglasses shop on the bottom,

0:14:12.040 --> 0:14:15.720
<v Speaker 4>which is selling designer sunglasses for more than the girl

0:14:15.800 --> 0:14:16.920
<v Speaker 4>got paid for eggs.

0:14:17.400 --> 0:14:20.760
<v Speaker 3>The building is also covered with billboards. Our colleague at

0:14:20.800 --> 0:14:23.920
<v Speaker 3>VET Pelipu helped Natalie translate them from Hindi.

0:14:24.560 --> 0:14:26.800
<v Speaker 4>West to become a mother and father.

0:14:28.400 --> 0:14:32.800
<v Speaker 2>Stock your Jourdan, your mother and father road scot your journey.

0:14:32.560 --> 0:14:37.000
<v Speaker 3>To become another product here. Nova IVF has had some

0:14:37.240 --> 0:14:38.400
<v Speaker 3>big name investors.

0:14:38.960 --> 0:14:43.720
<v Speaker 4>Its growth was funded by Western financiers. You know, Goldman

0:14:43.840 --> 0:14:46.240
<v Speaker 4>Sachs was one of its very early investors. It was

0:14:46.320 --> 0:14:50.320
<v Speaker 4>set up by a US based private equity firm. Today

0:14:50.640 --> 0:14:53.920
<v Speaker 4>it's owned by TPG, another private equity firm.

0:14:54.080 --> 0:14:57.160
<v Speaker 3>The rush to cash in on India's fertility industry has

0:14:57.280 --> 0:14:58.480
<v Speaker 3>ramped up in recent years.

0:14:58.880 --> 0:15:02.120
<v Speaker 4>I'd say in the last maybe like five to eight

0:15:02.240 --> 0:15:04.600
<v Speaker 4>years or so five to ten years. That's where you've

0:15:04.600 --> 0:15:07.640
<v Speaker 4>seen sort of like the really big money, really sophisticated

0:15:07.680 --> 0:15:12.600
<v Speaker 4>investors coming in, so Silicon Valley investors, private equity firms,

0:15:13.160 --> 0:15:17.960
<v Speaker 4>banks coming in and taking stakes in local IVF chains,

0:15:18.080 --> 0:15:18.960
<v Speaker 4>expanding them.

0:15:19.360 --> 0:15:22.760
<v Speaker 3>All of that business has created more competition among clinics

0:15:23.400 --> 0:15:27.560
<v Speaker 3>and also among agents, and that's actually how the girl's

0:15:27.600 --> 0:15:29.119
<v Speaker 3>secret was exposed.

0:15:29.600 --> 0:15:32.760
<v Speaker 4>Seema and another agent end up getting into a quarrel

0:15:32.880 --> 0:15:35.440
<v Speaker 4>on the street over the girl. The other agent is

0:15:35.480 --> 0:15:38.920
<v Speaker 4>accusing Sema of having stolen a client, and one of

0:15:39.000 --> 0:15:42.920
<v Speaker 4>the girl's relatives overhears this quarrel, and so word goes

0:15:42.960 --> 0:15:45.640
<v Speaker 4>back through her family, eventually back to her mom, and

0:15:45.720 --> 0:15:48.200
<v Speaker 4>her mom confronts the girl and says, sees the phone

0:15:48.440 --> 0:15:50.880
<v Speaker 4>and that's when things sort of like explode.

0:15:51.760 --> 0:15:52.160
<v Speaker 1>How cool.

0:15:55.880 --> 0:15:58.320
<v Speaker 3>The girl's mother says that she was angry when she

0:15:58.400 --> 0:16:05.920
<v Speaker 3>found out what her daughter had done sublo, but since

0:16:06.000 --> 0:16:08.680
<v Speaker 3>everyone was already starting to gossip, she didn't want to

0:16:08.720 --> 0:16:18.240
<v Speaker 3>pile on. She says, what had been lost was lost,

0:16:19.280 --> 0:16:22.360
<v Speaker 3>so as a mother, her job was to make sure

0:16:22.640 --> 0:16:23.840
<v Speaker 3>something was done about it.

0:16:24.320 --> 0:16:27.880
<v Speaker 4>So the mom confronts Sema. She ends up filing a

0:16:27.960 --> 0:16:29.360
<v Speaker 4>police complaint.

0:16:30.080 --> 0:16:33.880
<v Speaker 3>The girl's mother says even now she doesn't fully understand

0:16:34.000 --> 0:16:41.520
<v Speaker 3>what was done to her daughter, and Natalie says her

0:16:41.600 --> 0:16:44.640
<v Speaker 3>confusion shows in that police complaint she filed.

0:16:47.480 --> 0:16:50.080
<v Speaker 4>When her mother first went to the police and filed

0:16:50.120 --> 0:16:53.200
<v Speaker 4>the complaint, she wrote down something like, you know, something

0:16:53.280 --> 0:16:56.720
<v Speaker 4>has happened to my daughter. She's still a virgin, like

0:16:56.920 --> 0:16:59.760
<v Speaker 4>please help me, this is terrible and so it you know,

0:17:00.120 --> 0:17:04.320
<v Speaker 4>egg donations sort of get conflated with sex and maybe

0:17:04.400 --> 0:17:07.119
<v Speaker 4>sexual assault and the kind of implications that can have

0:17:07.359 --> 0:17:11.480
<v Speaker 4>for a woman in Indian society. Violation a violation, and

0:17:11.920 --> 0:17:15.639
<v Speaker 4>it sparked the kind of questions that really are are

0:17:15.840 --> 0:17:18.920
<v Speaker 4>are the worst question that an Indian woman can face,

0:17:19.280 --> 0:17:21.159
<v Speaker 4>is you know, is she going to be able to

0:17:21.240 --> 0:17:26.240
<v Speaker 4>have children? So people don't understand this procedure, they're asking

0:17:26.359 --> 0:17:28.359
<v Speaker 4>in the streets, their gossiping, is she ever going to

0:17:28.359 --> 0:17:29.280
<v Speaker 4>be able to have kids?

0:17:29.480 --> 0:17:31.680
<v Speaker 3>The complaint sparked an investigation.

0:17:32.200 --> 0:17:35.040
<v Speaker 5>The medical officers report was pretty explicit.

0:17:35.240 --> 0:17:39.040
<v Speaker 4>It said this could not have happened without the cooperation

0:17:39.680 --> 0:17:43.199
<v Speaker 4>of the clinic and its employees, and yet police never

0:17:43.280 --> 0:17:46.960
<v Speaker 4>seemed to follow that lead. They arrested the five low

0:17:47.080 --> 0:17:51.600
<v Speaker 4>level people and then never ended up going back to

0:17:52.040 --> 0:17:54.560
<v Speaker 4>the clinic and holding any of them accountable.

0:17:54.800 --> 0:17:57.679
<v Speaker 3>Seema was among those arrested and has since been released

0:17:57.720 --> 0:18:01.040
<v Speaker 3>on bail. Anita, the woman who helped secure the girl's

0:18:01.119 --> 0:18:05.119
<v Speaker 3>fake ID, was also arrested, along with three men. The

0:18:05.240 --> 0:18:08.560
<v Speaker 3>doctors and staff at Nova IVF, the clinic that performed

0:18:08.600 --> 0:18:10.840
<v Speaker 3>the retrieval, have not been named in the case.

0:18:11.200 --> 0:18:14.000
<v Speaker 4>What Nova said to us, they said look like We

0:18:14.160 --> 0:18:18.560
<v Speaker 4>do our best to ensure that cases like this don't happen,

0:18:18.680 --> 0:18:21.000
<v Speaker 4>but to some degree our hands are tied, like it's

0:18:21.119 --> 0:18:24.800
<v Speaker 4>not our expertise to try and weed out fake IDs.

0:18:25.320 --> 0:18:27.600
<v Speaker 4>This is where the government has to bring in biometric

0:18:28.040 --> 0:18:31.000
<v Speaker 4>verifications so that this kind of thing doesn't happen, and

0:18:31.119 --> 0:18:33.040
<v Speaker 4>we would be the first people to adopt it.

0:18:33.440 --> 0:18:36.440
<v Speaker 3>Goldman Sachs is no longer an investor in Nova IVF

0:18:36.600 --> 0:18:40.359
<v Speaker 3>and a client to comment. TPG, the private equity group

0:18:40.480 --> 0:18:44.640
<v Speaker 3>currently backing the clinic, deferred comment to Nova. Nova also

0:18:44.720 --> 0:18:47.560
<v Speaker 3>said that they've been lobbying the Indian government to mandate

0:18:47.680 --> 0:18:51.879
<v Speaker 3>more stringent ways of verifying donors' identities and ages, but

0:18:52.000 --> 0:18:57.000
<v Speaker 3>they say the government has not responded. After word got

0:18:57.080 --> 0:18:59.480
<v Speaker 3>out in the girl's community that she had sold her

0:18:59.560 --> 0:19:03.439
<v Speaker 3>eggs to buy a phone, the stigma she faced was severe.

0:19:04.080 --> 0:19:13.600
<v Speaker 3>Comment The girl says there are people who call her names,

0:19:13.920 --> 0:19:21.840
<v Speaker 3>who scorn and taunt her. Government questions why people are

0:19:21.920 --> 0:19:28.840
<v Speaker 3>only blaming her and not blaming the adults involved. Nation

0:19:33.600 --> 0:19:50.760
<v Speaker 3>blamed it. Blame this is, she says. People keep talking

0:19:50.840 --> 0:19:53.360
<v Speaker 3>about it, but no one asks her why she did

0:19:53.600 --> 0:19:57.040
<v Speaker 3>what she did. She says she knows she made a mistake.

0:20:00.280 --> 0:20:02.439
<v Speaker 3>Napos Gislio, are you.

0:20:04.240 --> 0:20:04.280
<v Speaker 1>He?

0:20:04.640 --> 0:20:05.960
<v Speaker 3>Eliza Nicols?

0:20:06.400 --> 0:20:08.880
<v Speaker 4>She had no idea what she was getting into. All

0:20:08.960 --> 0:20:11.560
<v Speaker 4>she wanted was a phone and it ended up having

0:20:12.400 --> 0:20:15.159
<v Speaker 4>these consequences that she never could have imagined.

0:20:15.359 --> 0:20:17.000
<v Speaker 5>So she's dropped out of school.

0:20:17.400 --> 0:20:20.440
<v Speaker 4>You know, in stigma in close knit communities like the

0:20:20.480 --> 0:20:22.840
<v Speaker 4>ones that she lives in is something very difficult to

0:20:23.000 --> 0:20:23.600
<v Speaker 4>escape from.

0:20:25.880 --> 0:20:29.320
<v Speaker 3>Natalie says, while the girl's story may seem extreme, it's

0:20:29.400 --> 0:20:32.639
<v Speaker 3>not that unusual in India, one of the world's largest

0:20:32.720 --> 0:20:36.639
<v Speaker 3>markets for donor eggs. But the same forces that swept

0:20:36.720 --> 0:20:40.600
<v Speaker 3>up the girl, great demand and great opportunity for profit

0:20:41.200 --> 0:20:45.000
<v Speaker 3>are not limited to India. They're present wherever the human

0:20:45.000 --> 0:20:48.240
<v Speaker 3>egg trade happens, and as the market has grown, so

0:20:48.440 --> 0:20:51.400
<v Speaker 3>has the potential for corruption and exploitation.

0:20:52.800 --> 0:20:58.040
<v Speaker 4>To me, fundamentally, it's about the commodification of women's body

0:20:58.560 --> 0:21:04.240
<v Speaker 4>and the commercialization of production. So big investors are in

0:21:04.400 --> 0:21:07.440
<v Speaker 4>this for the money, and we know the kind of

0:21:07.720 --> 0:21:11.080
<v Speaker 4>returns that private equity tends to expect.

0:21:10.720 --> 0:21:11.720
<v Speaker 5>In their investments.

0:21:12.280 --> 0:21:15.200
<v Speaker 4>I think it's a story of what happens when you

0:21:15.320 --> 0:21:20.440
<v Speaker 4>have tremendous growth and tremendous demand without guardrails. Just the

0:21:20.640 --> 0:21:25.080
<v Speaker 4>infrastructure and the regulations and the ability to enforce is

0:21:25.200 --> 0:21:28.920
<v Speaker 4>not there in India to make sure that procedures like

0:21:29.040 --> 0:21:33.720
<v Speaker 4>this happen ethically. And I think that's something that I

0:21:33.960 --> 0:21:37.520
<v Speaker 4>want people to think about when they come away from

0:21:37.560 --> 0:21:40.399
<v Speaker 4>the story. If you're ever in the position where you

0:21:41.080 --> 0:21:43.760
<v Speaker 4>need a donated egg, to think about where is that

0:21:43.920 --> 0:21:46.200
<v Speaker 4>coming from and how can you be sure that it

0:21:46.400 --> 0:21:47.600
<v Speaker 4>was sourced sustainably.

0:21:52.760 --> 0:21:55.879
<v Speaker 3>That was the first episode in The Human Egg Trade,

0:21:56.119 --> 0:21:59.200
<v Speaker 3>our special series about the booming global market for human

0:21:59.280 --> 0:22:02.480
<v Speaker 3>eggs and the people whose lives are swept up in it.

0:22:03.320 --> 0:22:05.840
<v Speaker 3>The next episode in the series takes us to Greece,

0:22:06.480 --> 0:22:09.600
<v Speaker 3>where this intense demand sets the stage for a crime

0:22:10.000 --> 0:22:11.720
<v Speaker 3>with profound consequences.

0:22:12.880 --> 0:22:18.080
<v Speaker 1>So Maria was lucky. She eventually did get pregnant and

0:22:18.119 --> 0:22:22.360
<v Speaker 1>she had a child. And last year the police asked

0:22:22.400 --> 0:22:24.800
<v Speaker 1>he had come down to the police station, and she

0:22:25.000 --> 0:22:28.359
<v Speaker 1>walked into the room and there were two police officers

0:22:28.520 --> 0:22:33.520
<v Speaker 1>and a third person who was a psychologist. And when

0:22:33.640 --> 0:22:37.520
<v Speaker 1>Maria saw the psychologist, her heart sunk. She knew she

0:22:37.640 --> 0:22:39.640
<v Speaker 1>was about to get bad news. They sat her down

0:22:39.880 --> 0:22:43.600
<v Speaker 1>and they broke the news to her that their investigation

0:22:44.320 --> 0:22:47.160
<v Speaker 1>had found that her eggs had been stolen.

0:22:54.080 --> 0:22:56.920
<v Speaker 3>For more in depth reporting on how the human egg

0:22:56.960 --> 0:23:00.760
<v Speaker 3>has become a precious resource traded around the world, read

0:23:00.960 --> 0:23:04.480
<v Speaker 3>The Egg, an investigation by Bloomberg BusinessWeek and The Big Take,

0:23:04.600 --> 0:23:08.360
<v Speaker 3>which spans five continents and eleven countries. You can read

0:23:08.440 --> 0:23:11.800
<v Speaker 3>The Egg on the Bloomberg terminal, Bloomberg dot Com or

0:23:11.880 --> 0:23:14.960
<v Speaker 3>in the January twenty twenty five issue of Bloomberg BusinessWeek.

0:23:15.640 --> 0:23:18.840
<v Speaker 3>This is The Big Take from Bloomberg News. I'm Sarah Holder.

0:23:19.359 --> 0:23:22.480
<v Speaker 3>This episode was produced by David Fox. It was edited

0:23:22.560 --> 0:23:26.520
<v Speaker 3>by Tracy Samuelson, Lauren Etter, and Ken Armstrong. It was

0:23:26.600 --> 0:23:29.720
<v Speaker 3>fact checked by Adriana Tapia and mixed and sound designed

0:23:29.800 --> 0:23:34.280
<v Speaker 3>by Alex Sugia and Jessica Beck. Special thanks to Ed Vett, Pealipu,

0:23:34.560 --> 0:23:40.119
<v Speaker 3>Vicki Fung Need Two, Suda mohandas Bloomberg Originals, and Pratish Narayanan.

0:23:40.640 --> 0:23:43.800
<v Speaker 3>Our senior producer is Naomi shaven, Our senior editor is

0:23:43.840 --> 0:23:48.720
<v Speaker 3>Elizabeth Ponso. Our executive producer is Nicole Beamsterrobor Sage Bauman

0:23:48.880 --> 0:23:52.160
<v Speaker 3>is Bloomberg's head of Podcasts. If you like this episode,

0:23:52.320 --> 0:23:54.920
<v Speaker 3>make sure to subscribe and review The Big Take wherever

0:23:55.000 --> 0:23:57.560
<v Speaker 3>you listen to podcasts. It helps people find the show.

0:23:58.440 --> 0:23:59.159
<v Speaker 3>Thanks for listening.