1 00:00:03,120 --> 00:00:10,639 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. Boivung You worked as 2 00:00:10,680 --> 00:00:16,160 Speaker 1: a personal driver for one of Vietnam's wealthiest tycoons. Most days, 3 00:00:16,200 --> 00:00:18,680 Speaker 1: his job was to drive his boss, sixty eight year 4 00:00:18,720 --> 00:00:22,560 Speaker 1: old businesswoman during the Lang around bustling Ho Chiman City, 5 00:00:23,200 --> 00:00:25,880 Speaker 1: and occasionally she would ask him to run other errands, 6 00:00:25,920 --> 00:00:29,680 Speaker 1: like picking things up for her or delivering packages, and 7 00:00:29,760 --> 00:00:33,720 Speaker 1: a lot of times these errands involved moving cash around 8 00:00:33,760 --> 00:00:34,200 Speaker 1: the city. 9 00:00:34,720 --> 00:00:37,680 Speaker 2: She would basically say, I have money this afternoon at 10 00:00:37,720 --> 00:00:38,680 Speaker 2: the bank, Go get it. 11 00:00:39,200 --> 00:00:42,040 Speaker 1: That's John Boudreaux, Bloomberg's Vietnam beer Chief. 12 00:00:42,400 --> 00:00:45,839 Speaker 2: These were bundles of cash. There's big bundles of cash, 13 00:00:46,159 --> 00:00:48,080 Speaker 2: and he would go pick it up and he would 14 00:00:48,080 --> 00:00:51,520 Speaker 2: either take it to her apartment or her real estate 15 00:00:51,560 --> 00:00:57,040 Speaker 2: company or whatever entity she wanted. And sometimes she'd give 16 00:00:57,080 --> 00:01:00,280 Speaker 2: them tips as much as like two hundred dollars per tripping. 17 00:01:00,560 --> 00:01:04,200 Speaker 1: And the driver kept detailed notes about each cash run 18 00:01:04,280 --> 00:01:04,960 Speaker 1: he made for her. 19 00:01:05,280 --> 00:01:09,160 Speaker 2: He meticulously wrote down every trip he made. 20 00:01:09,520 --> 00:01:12,560 Speaker 1: Now, moving big stacks of cash around the city like 21 00:01:12,600 --> 00:01:15,120 Speaker 1: this isn't unusual in Vietnam. 22 00:01:15,520 --> 00:01:18,360 Speaker 2: You have to remember, Vietnam for decades has been a 23 00:01:18,360 --> 00:01:22,360 Speaker 2: cash based society, and it still is not unusual to 24 00:01:22,400 --> 00:01:26,080 Speaker 2: see people hauling big sacks of cash to and from 25 00:01:26,520 --> 00:01:29,360 Speaker 2: the banks. And people do this. They'll even put them 26 00:01:29,360 --> 00:01:32,560 Speaker 2: on motorbikes. They'll recording tens of thousands of the dollars 27 00:01:32,959 --> 00:01:35,840 Speaker 2: on a motorbike going to and from the banks. 28 00:01:36,319 --> 00:01:40,200 Speaker 1: What was unusual was just how much cash the driver 29 00:01:40,319 --> 00:01:41,960 Speaker 1: is transporting for his boss. 30 00:01:42,280 --> 00:01:45,559 Speaker 2: She was using him to shepherd a lot of money, 31 00:01:45,800 --> 00:01:48,240 Speaker 2: more than four billion dollars over the span of three 32 00:01:48,240 --> 00:01:49,120 Speaker 2: and a half years. 33 00:01:49,680 --> 00:01:53,000 Speaker 1: His last drop off was in September twenty twenty two, 34 00:01:53,080 --> 00:01:57,040 Speaker 1: and a month later his employer, Lang was arrested. She 35 00:01:57,240 --> 00:02:01,120 Speaker 1: was accused of masterminding one of the world biggest France 36 00:02:01,560 --> 00:02:04,919 Speaker 1: a massive twelve point three billion dollars scam. 37 00:02:05,200 --> 00:02:08,919 Speaker 2: It was the largest financial fraud case Vietnam has ever seen, 38 00:02:09,600 --> 00:02:12,919 Speaker 2: and it's even more than the Sam Bankman freed casey 39 00:02:13,040 --> 00:02:13,760 Speaker 2: United States. 40 00:02:14,360 --> 00:02:17,839 Speaker 1: A key piece of evidence in the trial the detailed 41 00:02:17,840 --> 00:02:21,640 Speaker 1: notes Lang's driver had kept of every stash of cash 42 00:02:21,840 --> 00:02:26,080 Speaker 1: he delivered. Today, Lang is facing even more charges in 43 00:02:26,160 --> 00:02:30,119 Speaker 1: a second case that includes money laundering and illegally transporting 44 00:02:30,160 --> 00:02:33,920 Speaker 1: about four point five billion dollars across the border. The 45 00:02:34,000 --> 00:02:36,919 Speaker 1: news about her current trial, which involves thirty three other 46 00:02:37,000 --> 00:02:41,359 Speaker 1: co defendants, is widely broadcasted, and it's become a centerpiece 47 00:02:41,480 --> 00:02:43,679 Speaker 1: in the government's anti corruption campaign. 48 00:02:44,040 --> 00:02:46,840 Speaker 2: And I don't think Vietnamese have seen anything like this before, 49 00:02:47,200 --> 00:02:51,000 Speaker 2: and the government has been exceedingly open and talking about 50 00:02:51,080 --> 00:02:52,920 Speaker 2: how they're going after this corruption. 51 00:02:56,600 --> 00:02:59,560 Speaker 1: Welcome to The Big Take Asia from Bloomberg News. I'm 52 00:02:59,560 --> 00:03:02,880 Speaker 1: one High. Every week we take you inside some of 53 00:03:02,919 --> 00:03:06,440 Speaker 1: the world's biggest and most powerful economies and the markets, 54 00:03:06,520 --> 00:03:11,639 Speaker 1: tycoons and businesses that drive this ever shifting region. Today 55 00:03:11,680 --> 00:03:15,920 Speaker 1: on the show, the downfall of Vietnam's most infamous businesswoman, 56 00:03:16,480 --> 00:03:19,280 Speaker 1: How she was able to embazzle so much money for 57 00:03:19,320 --> 00:03:22,880 Speaker 1: so long, and what are multi billion dollar fraud case 58 00:03:23,160 --> 00:03:32,919 Speaker 1: means for Vietnam's fast growing economy doing me Lang's Rise 59 00:03:33,160 --> 00:03:36,880 Speaker 1: is a Vietnamese rags to richest story, known in business 60 00:03:36,880 --> 00:03:39,720 Speaker 1: circles as Madame Lang. She got her start in the 61 00:03:39,760 --> 00:03:43,840 Speaker 1: late nineteen eighties selling makeup and hair accessories from her 62 00:03:43,840 --> 00:03:48,720 Speaker 1: family's stall inside the sprawling Benpunt market right in the 63 00:03:48,760 --> 00:03:50,000 Speaker 1: heart of Hochiman City. 64 00:03:50,440 --> 00:03:53,720 Speaker 2: It's a huge, cavernous indoor market that it is just 65 00:03:53,920 --> 00:03:57,600 Speaker 2: jam packed with people and vendors. That's a hard life. 66 00:03:57,720 --> 00:03:59,040 Speaker 2: They work seven days a week. 67 00:03:59,680 --> 00:04:03,280 Speaker 1: This was a time of rapid change in Vietnam. After 68 00:04:03,320 --> 00:04:05,400 Speaker 1: the end of the war with the United States, the 69 00:04:05,400 --> 00:04:11,760 Speaker 1: country reunified under communism, but was financially ruined and internationally isolated. 70 00:04:12,320 --> 00:04:15,720 Speaker 1: To jumpstart the economy, the Communist Party of Vietnam started 71 00:04:15,760 --> 00:04:19,320 Speaker 1: a series of market reforms in nineteen eighty six, and 72 00:04:19,440 --> 00:04:21,320 Speaker 1: Lang saw opportunity. 73 00:04:22,080 --> 00:04:25,479 Speaker 2: She met her husband, he is a Hong Kong businessman, 74 00:04:26,080 --> 00:04:28,839 Speaker 2: and together the two of them, they could see where 75 00:04:29,480 --> 00:04:31,719 Speaker 2: the country was going, and they started buying up a 76 00:04:31,760 --> 00:04:35,120 Speaker 2: lot of land quite cheaply, and that was the beginning 77 00:04:35,200 --> 00:04:36,839 Speaker 2: of her property empire. 78 00:04:37,240 --> 00:04:40,520 Speaker 1: In nineteen ninety one, Lang founded a real estate company 79 00:04:40,600 --> 00:04:44,600 Speaker 1: that rapidly became one of the country's premium property firms. 80 00:04:44,839 --> 00:04:50,960 Speaker 2: She built up a large property portfolio of hotels, restaurants, 81 00:04:51,560 --> 00:04:55,559 Speaker 2: residential buildings, office buildings, and a lot of them become 82 00:04:56,000 --> 00:04:59,719 Speaker 2: among the most prestigious properties in Hocheman City. 83 00:05:00,120 --> 00:05:02,599 Speaker 1: Anything that we'd recognize today. 84 00:05:02,600 --> 00:05:04,400 Speaker 2: Well, if you were to come here and you were 85 00:05:04,480 --> 00:05:07,599 Speaker 2: to visit the Reverie Saigon Hotel, which is right in 86 00:05:07,600 --> 00:05:10,840 Speaker 2: the center of Virtuman city, you would see a very 87 00:05:10,960 --> 00:05:16,640 Speaker 2: opulent facility. You're talking about her crown jewel. It has 88 00:05:17,120 --> 00:05:23,359 Speaker 2: gold plated elevators, chandeliers. The two top end suites have 89 00:05:23,520 --> 00:05:25,839 Speaker 2: prices that start at twelve thousand a night. 90 00:05:26,240 --> 00:05:29,480 Speaker 1: Oh my gosh, what crazy opulence if you can afford it. 91 00:05:29,560 --> 00:05:33,119 Speaker 2: And the thing is, this opulent structure is really isn't 92 00:05:33,200 --> 00:05:36,600 Speaker 2: far from the marketplace where it all began for her, 93 00:05:37,040 --> 00:05:40,200 Speaker 2: But truly it is a world away for a lot 94 00:05:40,240 --> 00:05:43,200 Speaker 2: of the vendors now in that marketplace, they view her 95 00:05:43,279 --> 00:05:47,400 Speaker 2: as kind of this Vietnamese fairy tale, this woman who 96 00:05:47,440 --> 00:05:51,080 Speaker 2: literally wrote from nothing or just like them, living life 97 00:05:51,200 --> 00:05:54,200 Speaker 2: just like them, to being one of the most prestigious 98 00:05:54,480 --> 00:05:56,080 Speaker 2: and wealthiest women in Vietnam. 99 00:05:56,960 --> 00:06:00,719 Speaker 1: By twenty eleven, Lang had established herself as a prominent 100 00:06:00,800 --> 00:06:05,040 Speaker 1: businesswoman in Houchiman City. That year, she arranged the merger 101 00:06:05,120 --> 00:06:08,599 Speaker 1: of three small and struggling banks into a larger entity, 102 00:06:09,040 --> 00:06:13,120 Speaker 1: the Saigon Commercial Bank or SCB. The bank became the 103 00:06:13,200 --> 00:06:17,520 Speaker 1: fifth largest lender in Vietnam. The bank would also come 104 00:06:17,560 --> 00:06:19,679 Speaker 1: to be at the center of one of the world's 105 00:06:19,760 --> 00:06:25,800 Speaker 1: biggest fraud cases. According to prosecutors, Lang illegally controlled more 106 00:06:25,839 --> 00:06:28,800 Speaker 1: than ninety percent of the bank by paying people to 107 00:06:28,839 --> 00:06:32,960 Speaker 1: acquire stakes in it. Then She built an ecosystem of companies, 108 00:06:33,040 --> 00:06:36,800 Speaker 1: including ghost businesses, that she used to secure loans and 109 00:06:36,960 --> 00:06:41,640 Speaker 1: register for collateral to withdraw money from the bank. Once 110 00:06:41,680 --> 00:06:44,680 Speaker 1: the loans were approved, the money was either transferred to 111 00:06:44,720 --> 00:06:48,120 Speaker 1: the bank accounts of these ghost firms and individuals, or 112 00:06:48,200 --> 00:06:50,320 Speaker 1: directly picked up in cash. 113 00:06:50,440 --> 00:06:53,680 Speaker 2: She essentially controlled ninety percent or more of the bank, 114 00:06:54,080 --> 00:06:57,120 Speaker 2: and she was also able to put in place trusted 115 00:06:57,120 --> 00:07:02,600 Speaker 2: lieutenants to run the bank. According to the police and prosecutors, 116 00:07:02,839 --> 00:07:06,200 Speaker 2: this was essentially her own entity and she could use 117 00:07:06,200 --> 00:07:09,680 Speaker 2: it to bankroll the growth of her empire. 118 00:07:09,480 --> 00:07:13,880 Speaker 1: So literally her own piggybank exactly. On a late night 119 00:07:13,960 --> 00:07:17,520 Speaker 1: in October twenty twenty two, Lang was arrested at her 120 00:07:17,600 --> 00:07:18,560 Speaker 1: luxury apartment. 121 00:07:19,120 --> 00:07:22,320 Speaker 2: Apparently she was getting ready for bed because when they 122 00:07:22,360 --> 00:07:24,840 Speaker 2: took what the equivalent is for Vietnam at the mugshot 123 00:07:25,160 --> 00:07:27,280 Speaker 2: that you can see she completely has no makeup on. 124 00:07:27,800 --> 00:07:30,760 Speaker 2: And this was someone who's always known for being very 125 00:07:30,960 --> 00:07:31,960 Speaker 2: koifed and everything. 126 00:07:32,400 --> 00:07:35,480 Speaker 1: It didn't take long for the word to spread and 127 00:07:35,520 --> 00:07:38,200 Speaker 1: it rattled the bank's customers. 128 00:07:38,120 --> 00:07:43,040 Speaker 2: And the news was announced on a Saturday. The following Monday, 129 00:07:43,680 --> 00:07:47,840 Speaker 2: there was a run on Saigon Commercial Bank and why 130 00:07:47,880 --> 00:07:52,160 Speaker 2: was that people knew she was closely tied to Saigon 131 00:07:52,240 --> 00:07:55,400 Speaker 2: Commercial Bank. Her real estate company was closely tied to 132 00:07:55,440 --> 00:07:59,200 Speaker 2: this bank. There was panic, and so for several days 133 00:07:59,280 --> 00:08:02,160 Speaker 2: people were lying up demanding their money out. The central 134 00:08:02,160 --> 00:08:05,960 Speaker 2: bank governor repeatedly put out statements saying your money is safe, 135 00:08:06,040 --> 00:08:08,760 Speaker 2: your money is safe, and then eventually they took over 136 00:08:08,800 --> 00:08:14,040 Speaker 2: the bank. Essentially, they placed officials other executives from other 137 00:08:14,080 --> 00:08:17,240 Speaker 2: banks on the board to try to calm everything down, 138 00:08:17,040 --> 00:08:18,640 Speaker 2: and eventually it did work. 139 00:08:19,800 --> 00:08:24,800 Speaker 1: Around thirty six thousand bondholders have been identified as victims. Together, 140 00:08:25,040 --> 00:08:29,080 Speaker 1: these people allegedly invested more than one billion dollars through 141 00:08:29,120 --> 00:08:30,960 Speaker 1: four companies linked to Lang. 142 00:08:31,520 --> 00:08:34,640 Speaker 2: It touches a lot of the kind of your average 143 00:08:34,679 --> 00:08:38,040 Speaker 2: people people putting their faith and trust and money in 144 00:08:38,080 --> 00:08:41,120 Speaker 2: this bank, and a lot of them buying these bonds 145 00:08:41,559 --> 00:08:44,760 Speaker 2: and then everything just blowing up them, and so it's 146 00:08:44,800 --> 00:08:47,400 Speaker 2: not just something that a bunch of wealthy people did 147 00:08:47,440 --> 00:08:48,400 Speaker 2: to other wealthy people. 148 00:08:48,880 --> 00:08:52,160 Speaker 1: After spending more than a year in detainment, Lang was 149 00:08:52,200 --> 00:08:55,880 Speaker 1: sentenced to death by lethal injection in April. She was 150 00:08:55,920 --> 00:08:59,600 Speaker 1: also convicted of bribing government officials to look the other way. 151 00:09:00,440 --> 00:09:05,880 Speaker 1: Seventeen bank or financial inspectors were also convicted, including the 152 00:09:05,920 --> 00:09:09,800 Speaker 1: former head of the State Bank's Inspection and Supervision unit. 153 00:09:10,640 --> 00:09:14,199 Speaker 1: That bank official was sentenced to life in prison after 154 00:09:14,240 --> 00:09:17,160 Speaker 1: being found guilty of accepting as much as five point 155 00:09:17,280 --> 00:09:21,000 Speaker 1: two million dollars in bribes. But it didn't end there. 156 00:09:21,559 --> 00:09:24,560 Speaker 1: This week, the Vietnamese court will issue another verdict on 157 00:09:24,679 --> 00:09:28,720 Speaker 1: charges that Lang and others were involved in fraudulent asset appropriation, 158 00:09:29,280 --> 00:09:33,080 Speaker 1: money laundering, and illegally transporting more than four billion dollars 159 00:09:33,160 --> 00:09:38,120 Speaker 1: across the border. What that trial means for Vietnam's growing 160 00:09:38,160 --> 00:09:41,720 Speaker 1: economy and the government's efforts to crack down on corruption. 161 00:09:42,520 --> 00:09:56,120 Speaker 1: That's after the break Vietnamese real estate tycoon Jumi Lang 162 00:09:56,360 --> 00:09:59,520 Speaker 1: was given the death sentence for orchestrating one of the 163 00:09:59,559 --> 00:10:03,360 Speaker 1: biggest fraud cases in the world, and months after her 164 00:10:03,360 --> 00:10:07,920 Speaker 1: first trial, prosecutors filed new charges against her along with 165 00:10:08,000 --> 00:10:09,839 Speaker 1: thirty three other defendants. 166 00:10:10,200 --> 00:10:14,840 Speaker 2: They're being accused of laundering eighteen billion dollars, cross border, 167 00:10:14,880 --> 00:10:19,160 Speaker 2: transportation of four point five billion dollars, and appropriating one 168 00:10:19,200 --> 00:10:23,520 Speaker 2: point two billion dollars some investors via bond issuances. 169 00:10:23,960 --> 00:10:27,800 Speaker 1: Lang's second trial kicked off last month, and Bloomberg's Vietnam 170 00:10:27,840 --> 00:10:31,720 Speaker 1: Beer chief John Boudreau says people regularly showed up to 171 00:10:31,800 --> 00:10:34,160 Speaker 1: watch it on a giant screen out in front of 172 00:10:34,160 --> 00:10:34,839 Speaker 1: the courthouse. 173 00:10:35,360 --> 00:10:39,199 Speaker 2: They've set up a gigantic screen that usually people here 174 00:10:39,280 --> 00:10:42,640 Speaker 2: used to watch football soccer, and then there's about one 175 00:10:42,679 --> 00:10:47,640 Speaker 2: hundred of these blue plastic stools. You'll have bondholders all 176 00:10:47,720 --> 00:10:52,080 Speaker 2: sitting there watching this and inside, of course, all the chairs, 177 00:10:52,120 --> 00:10:54,120 Speaker 2: everything is is full. 178 00:10:54,320 --> 00:10:56,960 Speaker 1: One of the reasons why this case has gotten so 179 00:10:57,120 --> 00:11:01,360 Speaker 1: much attention is because it's rattled so many ordinary Vietnamese, 180 00:11:02,120 --> 00:11:05,120 Speaker 1: and the Communist government is showcasing it as a kind 181 00:11:05,160 --> 00:11:08,520 Speaker 1: of high level corruption they say they want to stop. 182 00:11:09,080 --> 00:11:13,520 Speaker 2: It really is endemic in the culture, from police officers 183 00:11:13,720 --> 00:11:17,480 Speaker 2: taking bribes on the streets for general traffic police, two 184 00:11:18,240 --> 00:11:23,200 Speaker 2: officials who will take money to ensure a project gets 185 00:11:23,200 --> 00:11:26,560 Speaker 2: approved smoothly. It just becomes a way of doing things. 186 00:11:26,760 --> 00:11:31,880 Speaker 2: Vietnam's late party chief Nuenfutrong, who passed away this last summer, 187 00:11:32,360 --> 00:11:36,400 Speaker 2: has for decades pursued anti corruption, and he called it 188 00:11:36,480 --> 00:11:40,920 Speaker 2: his Blazing Furnace campaign. He has long believed that the 189 00:11:40,920 --> 00:11:45,160 Speaker 2: party's credibility is at risk if it doesn't root out 190 00:11:45,800 --> 00:11:47,120 Speaker 2: high level graft. 191 00:11:48,360 --> 00:11:51,240 Speaker 1: And Lang was not the only one who got caught 192 00:11:51,320 --> 00:11:55,360 Speaker 1: in the blazing furnace. The corruption fight has gone all 193 00:11:55,360 --> 00:11:58,400 Speaker 1: the way up to the top, taking down three Deputy 194 00:11:58,400 --> 00:12:02,160 Speaker 1: Prime ministers and two present CIDs. In just last year, 195 00:12:02,280 --> 00:12:07,400 Speaker 1: officials launched corruption investigations into more than two thousand individuals, 196 00:12:07,440 --> 00:12:11,199 Speaker 1: nearly double from the previous year. That's according to government data. 197 00:12:11,920 --> 00:12:14,880 Speaker 1: But at the same time, critics say the probes who 198 00:12:14,920 --> 00:12:19,800 Speaker 1: gets ensnared and the punishment involved are incredibly opaque. There 199 00:12:19,800 --> 00:12:22,800 Speaker 1: are concerns the campaign has also been used as a 200 00:12:22,800 --> 00:12:27,200 Speaker 1: political tool to get rid of rivals, and the anti 201 00:12:27,240 --> 00:12:32,120 Speaker 1: corruption drive has also created bottlenecks for investment. John says 202 00:12:32,160 --> 00:12:35,800 Speaker 1: government sources told Bloomberg that they would rather do nothing 203 00:12:36,040 --> 00:12:39,400 Speaker 1: than take a risk in approving projects and end up 204 00:12:39,440 --> 00:12:41,680 Speaker 1: getting dragged into a future scandal. 205 00:12:41,920 --> 00:12:47,120 Speaker 2: It has caused massive fear among government workers bureaucrats. They're 206 00:12:47,200 --> 00:12:51,360 Speaker 2: terrified if they approve project A two years from now, 207 00:12:51,640 --> 00:12:54,680 Speaker 2: will the Ministry of a Public Security come knocking on 208 00:12:54,720 --> 00:12:58,920 Speaker 2: their doors and saying, we're investigating your approval of this project. 209 00:12:59,600 --> 00:13:04,040 Speaker 1: For now now, foreign investors are undeterred by projects slowing down. 210 00:13:04,800 --> 00:13:09,640 Speaker 1: Investments are still pouring into Vietnam at record levels, capitalizing 211 00:13:09,720 --> 00:13:13,200 Speaker 1: on the country's low labor costs and established supply chains. 212 00:13:15,160 --> 00:13:18,840 Speaker 1: It's Vietnam's economic rise that catapult Lang into one of 213 00:13:18,880 --> 00:13:24,360 Speaker 1: the country's richest tycoons, and now her spectacular fall is 214 00:13:24,520 --> 00:13:29,439 Speaker 1: riveting Vietnam. As this episode airs, Lang is still awaiting 215 00:13:29,480 --> 00:13:33,040 Speaker 1: the court's verdict in her second trial. She's facing a 216 00:13:33,120 --> 00:13:36,280 Speaker 1: life sentence on top of already being on death row. 217 00:13:37,200 --> 00:13:40,199 Speaker 1: Lang has denied some of the charges and is appealing 218 00:13:40,280 --> 00:13:43,920 Speaker 1: her death sentence. Even if she wins her appeal to 219 00:13:44,000 --> 00:13:48,680 Speaker 1: overturn the death sentence, she's likely facing a lifetime behind bars. 220 00:13:49,800 --> 00:13:53,120 Speaker 1: In court, Lang broke down and said she never expected 221 00:13:53,120 --> 00:13:56,400 Speaker 1: her life to end up this way, and she's prepared 222 00:13:56,480 --> 00:14:09,280 Speaker 1: to take responsibility through tears. She said, that's her destiny. 223 00:14:09,320 --> 00:14:12,200 Speaker 1: This is the Big take Asia from Bloomberg News, I'm 224 00:14:12,240 --> 00:14:16,600 Speaker 1: wan Ha. This episode was produced by Naming Young Young 225 00:14:16,720 --> 00:14:19,800 Speaker 1: and Jessica Beck. It was mixed by Alex Suguiera and 226 00:14:19,880 --> 00:14:23,120 Speaker 1: fact checked by Edu Duan. It was edited by Caitlin Kenney, 227 00:14:23,320 --> 00:14:26,680 Speaker 1: Aaron Edwards, and Emily Cadman. There was additional reporting by 228 00:14:26,720 --> 00:14:31,880 Speaker 1: Philip Hymns, with assistants from Wingsunquin and Wing Zuduin. Name me. 229 00:14:31,920 --> 00:14:35,800 Speaker 1: Shaven is our senior producer, Elizabeth Ponso is our senior editor, 230 00:14:36,360 --> 00:14:39,800 Speaker 1: Nicole Beemster Bower is our executive producer, and Sage Bowman 231 00:14:39,920 --> 00:14:43,400 Speaker 1: is Bloomberg's head of podcasts. Please follow and review The 232 00:14:43,400 --> 00:14:46,920 Speaker 1: Big Take Asia wherever you listen to podcasts. It really 233 00:14:46,960 --> 00:14:49,680 Speaker 1: helps me listeners find the show. See you next time.