In my proceeding investigation of the Malaysian 1MBD scandal, brand-new details has emerged that showcases a complex web of intrigue, subterfuge as well as corruption involving the expected 'Whistleblower' Xavier Andre Justo and a Swiss prosecutor. Mr. Justo, a previous high-level employee of PetroSaudi International SA, was imprisoned in Thailand for taking a database from his previous employer that broke the detraction. A Swiss prosecutor who himself is presently under investigation for political corruption with a 'Dispute of Interest' connected to the situation as well as a litany of other varied actors extra proper of a Hollywood thriller than reality scenarios.
In my last post I reported on the 1MBD rumor's impact in Canada. In 2012, Malaysia's state-owned energy firm Petronas got Canada's Progression Power for a reported $5.5 billion. At the time it was among Malaysia's biggest foreign investments. Provided the fact that the 1MBD scandal broke after Petronas's aggressive entryway to Canada's oil and also gas sector, I started researching as well as reporting on the effects that corrupt international capitalists from developing nations, such as Malaysia, might have in Canadian private market fields. I made a decision to concentrate initially on the primary individual credited with 'breaking' the tale of the IMBD rumor - Xavier Andre Justo.
Getting to the bottom of this complex event has actually been testing. Basically, the middle management of the companies associated with the 1MBD rumor, are generally, scared to speak with reporters. Additionally, the leading rate execs of these companies will certainly additionally not go on the document. Last week, I ultimately found an unhappy former exec of PetroSaudi International as well as two previous close friends of Mr. Justo's who were all kind sufficient to provide me some sorely needed background on the 'life and times' of Xavier Justo.
The previous Exec of PetroSaudi International talked with me on condition of anonymity as well as likewise gave me with documents, copies of text and various other material to sustain his claims that Xavier Justo, far from being a 'good deed doer', remains in reality he is a con-artist who takes pleasure in the good life and also has a narcotics abuse condition that includes "heavy alcohol consumption as well as a great deal of cocaine." I am currently confirming the product offered to us regarding Mr. Justo and also will certainly be releasing even more excerpts soon. He also bitterly bawled out PetroSaudi International for allowing Mr. Justo to rise in the firm rates in spite of his well-known partying lifestyle. These accusations were likewise validated by the two previous friends of Mr. Justo, that were both jilted by him in individual finances that were never ever paid back.
In February of this year, PetroSaudi International's CEO Tarek Essam Ahmad Obaid, business Director Patrick Andrew Marc Mahony, as well as Malaysian shady 'business person' Low Taek Jho were all fingered in Malaysia by the MACC (Malaysian Anti-Corruption Payment) over the 1MBD detraction. At the time, MACC proudly revealed this in a press release which all 3 charged had actually been put on Interpol's 'Red Watch Listing'. After an extensive week of investigating the claims as well as counterclaims in between Mr. Justo and PetroSaudi International, my research study team as well as I have ended that Mr. Justo is an extreme opportunist with a prior criminal history who utilized his essential setting at PetroSaudi International and his close friendship with Chief Executive Officer Tarek Obaid, to his very own advantage which the 'conventional media was misleaded by his effort to make himself appear like an innocent 'whistleblower'.
In addition to this, after checking Interpol's online 'Red Alert 'data source it has been confirmed that neither Mr. Obaid nor Mr. Mahony have actually been placed on Interpol's 'Red Watch Listing" and that they are not 'wanted fugitives' as suggested by lots of media outlets.
My examination of Mr. Justo as well as from our sources kept in mind above, validated that he has no official university education and learning and that during the mid-2000's, he had ownership passions in some dubious clubs in Geneva. In 2006 Mr. Justo was detained by Swiss Federal Cops for opening up and taking care of an account of a popular Spanish contraband criminal gang. The account was frozen for criminal origin of funds and also money laundering by the Geneva Financial Criminal Activity Cops.
Mr. Justo was held for over 18 hours and was just launched after he, according to former pals, gave http://www.bbc.co.uk/search?q=1MDB testament against the members of the criminal gang he was working for. Remarkably, he was released without charges.
PetroSaudi International's Chief Executive Officer Tarek Obaid, is a dual citizen of Switzerland as well as Saudi Arabia and also finished from Georgetown College's prestigious College of Foreign Service. Before the 1MBD scandal Mr. Obaid had actually never been charged with a crime in any type of country. According to the former PetroSaudi International Executive and also former good friends of Mr. Justo that I spoke to, Mr. Obaid met Mr. Justo on a basketball court when he was a 15-year-old that just arrived to Switzerland. They struck up a deep friendship as Justo himself is a descendant of immigrant parents. Justo acted as a mentor to Mr. Obaid, his peer in service as well as life in Switzerland throughout both of their young people. Years later, Mr. Obaid offered Mr. Justo lower degree jobs to aid him sustain himself as well as his household due to Mr. Justo's unfavorable economic circumstances. In these jobs Mr. Justo was utilized in different positions as a doorman, a vehicle valet as well as managing small petty cash acquisitions for Mr. Obaid's workplace and member of the family.
The mainstream media portraits of Mr. Justo being an 'International Lender' is false; while he did operate in a couple of financial institutions as a low-level staff, he was never a 'banker' neither has he held any type of elderly setting in any Swiss or other EU bank. He additionally doesn't have the correct education or training for that kind of job. From files that we are still examining, it is clear he stopped working to open a checking account in several nations to receive the payment for the stolen data, which provide his claim to be an 'International lender' in a ridicules light.
Xavier Andre Justo personal life was, as we were informed, extremely unsteady. Mr. Justo was married to Daphné Smits for some years. According to close friends of Mr. Justo, while he functioned as a staff at Banque Scandinave en Suisse (BSS) in Geneva, he had sex-related encounters with his Boss's wife. A few months later on Mr. Justo supposedly had an additional event with the other half of his friend as well as was caught in the act. Therefore, his other half Daphné separated him and also took all his money. Then Justo started a charming connection with Laura (his present better half) that he satisfied when she was an assistant at the business where he was operating at the moment.
In the meantime, Mr. Justo obtained greatly depressed and also hesitated of revenge by http://www.thefreedictionary.com/1MDB the contraband criminal gang. Mr. Justo, as well as his then girlfriend, Laura fled to Thailand as well as according to a former close friend, "took all the cash from his Mom's bank account to pay for the journey"
After remaining in Thailand for a number of months, Mr. Justo contacted Mr. Obaid and informed him he was struggling with a lack of income as well as was "determined" to sustain his family.
In mid-2010, Mr. Obaid decided to offer Mr. Justo one more chance and also provided him a brand-new job with PetroSaudi International in London on the problem that Mr. Justo commit to quit his habitual drug routine and alcoholic abuse. Mr. Justo conveniently agreed. With a hefty income bundle of 400,000 British Extra pounds each year that consisted of a completely paid deluxe house in Mayfair, Mr. Justo's life deviated for the better and also his career was back on the right track.
Mr. Obaid, who highly trusted Mr. Justo his childhood good friend, was concentrated on growing his international operations and required a person in London he could depend sign corporate papers on his part, conduct routine workplace financial and various other mundane administrative features when Mr. Obaid was not in the area.
Further investigations of Mr. Justo's as well as Mr. Obaid's partnership reveal the unbelievable trust that the previous taken into the latter.
From the countless records we are currently validating, among them is an authentic copy of Mr. Justo's employment agreement with PetroSaudi International (listed below).
Among the previous pals of Mr. Justo's that I interviewed specified that he could not think that Xavier had actually been given such a high level salary and also trust in that company (PetroSaudi International) ... I remember one time we were hanging out at Zumas in Knights Bridge and he spent for our meal and all the bevi's on a firm bank card ... the bill was outrageous ...".
The previous PetroSaudi International Exec we talked to confirmed that within the firm Mr. Justo was understood to regular high-priced London haunts in Knightsbridge as well as Covent Yard two of London's the majority of unique locations. (Zuma is a costly Japanese restaurant). The former Exec likewise included that he encouraged Mr. Obaid a number of times regarding Mr. Justo's social habits as well as ballooning expense accounts however that he (Mr. Obaid) "would not come across it ... Tarek trusted this man given that he was a kid but never ever truly recognized him ... Mr.
Obaid was immature, and also had poor judgment when it involved childhood years pals, it created a great deal of tension in the workplace ... it was so damn dumb ... I couldn't take it any longer.".
Mr. Justo received a 3-year jail sentence in Thailand in 2015 after being convicted of extortion, blackmailing and also theft of PetroSaudi International's database. A criminal activity he readily confessed to.
According to court testament as well as evidence given by many witnesses, Mr. Justo's job efficiency seriously scrubby in late 2010 with several absences and alcoholic binges that consisted of inappropriate behavior in the workplace. Then initially of April 2011 he missed out hard disk containing 230,000 emails on a trip from London to New york city city where he was because of satisfy a major customer as well as the investors of PetroSaudi International.
Witnesses later verified that Mr. Justo was high on drug and very intoxicated the evening prior to the trip. When he fell short to show up to the meeting in New York, he was summarily disregarded from his position.
It was later verified via a forensic investigation that Mr. Justo stole PetroSaudi International's data source and also made the last download of the 90Gb information 24h after he was terminated over the phone. This is the date that the 1MBD rumor began.
Xavier Andre Justo's criminal actions and also indulgent drug habit triggered the world's most significant monetary detraction, brought down the Malaysian government, launched criminal procedures in Switzerland, Singapore, the EU and the USA as well as cost the Malaysian individuals billions of bucks.
It is time the full reality comes to light on this tale.
With this believed in mind, I will be uploading even more write-ups over the coming days and also weeks regarding the 1MBD rumor and also publishing 'never-seen-before' documents that will offer my viewers a clear understanding on just how a lower level staff member, who had a habitual alcohol and drug misuse issue, was able to spark among the greatest economic scandals in modern history.