In my continuing investigation of the Malaysian 1MBD rumor, brand-new details has arised that showcases a complex web of intrigue, subterfuge as well as corruption including the expected 'Whistleblower' Xavier Andre Justo as well as a Swiss prosecutor. Mr. Justo, a former high-level worker of PetroSaudi International SA, was imprisoned in Thailand for stealing a database from his previous company that broke the detraction. A Swiss prosecutor who himself is currently under examination for political corruption with a 'Dispute of Passion' attached to the case as well as a list of various other varied actors a lot more proper of a Hollywood thriller than Swiss Attorney General real life conditions.
In my last write-up I reported on the 1MBD rumor's impact in Canada. In 2012, Malaysia's state-owned energy company Petronas acquired Canada's Development Power for a reported $5.5 billion. At the time it was among Malaysia's largest international financial investments. Provided the truth that the 1MBD detraction damaged after Petronas's aggressive entryway to Canada's oil and gas sector, I began investigating as well as reporting on the ramifications that corrupt international financiers from establishing nations, such as Malaysia, may have in Canadian private market industries. I decided to focus originally on the major person credited with 'damaging' the story of the IMBD rumor - Xavier Andre Justo.
Getting to the bottom of this complex affair has been challenging. Basically, the middle management of the business involved in the 1MBD detraction, are for the most part, frightened to speak with reporters. Additionally, the top rate execs of these business will certainly additionally not take place the record. Last week, I finally discovered a disgruntled previous exec of PetroSaudi International in addition to two previous buddies of Mr. Justo's that were all kind sufficient to give me some sorely required background on the 'life and also times' of Xavier Justo.
The previous Executive of PetroSaudi International spoke to me on problem of privacy as well as also offered me with papers, duplicates of text as well as various other product to support his cases that Xavier Justo, far from being a 'good deed doer', is in reality he is a con-artist that appreciates the good life and also has a narcotics abuse problem that consists of "hefty alcohol consumption and a lot of cocaine." I am currently confirming the product offered to us regarding Mr. Justo as well as will certainly be publishing even more excerpts soon. He likewise bitterly bawled out PetroSaudi International for permitting Mr. Justo to rise in the company ranks regardless of his popular partying way of living. These accusations were also validated by the 2 former close friends of Mr. Justo, that were both jilted by him in individual loans that were never ever paid back.
In February of this year, PetroSaudi International's CEO Tarek Essam Ahmad Obaid, company Supervisor Patrick Andrew Marc Mahony, as well as Malaysian shady 'business owner' Low Taek Jho were all fingered in Malaysia by the MACC (Malaysian Anti-Corruption Commission) over the 1MBD scandal. At the time, MACC happily revealed this in a news release which all three implicated had actually been put on Interpol's 'Red Watch Listing'. After an intensive week of checking out the claims as well as counterclaims between Mr. Justo and also PetroSaudi International, my research study team as well as I have actually ended that Mr. Justo is an extreme opportunist with a previous criminal background that used his vital position at PetroSaudi International and his close friendship with Chief Executive Officer Tarek Obaid, to his very own benefit which the 'traditional media was deceived by his attempt to make himself resemble an innocent 'whistleblower'.
Along with this, after inspecting Interpol's on-line 'Red Alert 'database it has actually been verified that neither Mr. Obaid neither Mr. Mahony have actually been placed on Interpol's 'Red Watch List" which they are not 'desired fugitives' as recommended by several media outlets.
My investigation of Mr. Justo and also from our resources kept in mind above, confirmed that he has no official university education and learning and that during the mid-2000's, he had ownership rate of interests in some unethical clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Cops for opening up and handling an account of a well-known Spanish contraband criminal gang. The account was iced up for criminal origin of funds and also cash laundering by the Geneva Financial Criminal Offense Police.
Mr. Justo was held for over 18 hrs and was just launched after he, according to previous buddies, provided testimony versus the members of the criminal gang he was benefiting. Remarkably, he was launched without charges.
PetroSaudi International's CEO Tarek Obaid, is a dual resident of Switzerland and also Saudi Arabia as well as graduated from Georgetown University's prestigious School of Foreign Service. Prior to the 1MBD detraction Mr. Obaid had never been charged with a criminal offense in any type of country. According to the former PetroSaudi International Executive and former pals of Mr. Justo that I spoke with, Mr. Obaid satisfied Mr. Justo on a basketball court when he was a 15-year-old that just immigrated to Switzerland. They struck up a deep relationship as Justo himself is an offspring of immigrant moms and dads. Justo served as an advisor to Mr. Obaid, his peer in company and life in Switzerland during both of their youths. Years later, Mr. Obaid gave Mr. Justo lower level tasks to aid him sustain himself and his household as a result of Mr. Justo's unfortunate economic situations. In these jobs Mr. Justo was used in numerous positions as a concierge, a cars and truck valet as well as dealing with tiny petty cash purchases for Mr. Obaid's office and also relative.
The mainstream media portraits of Mr. Justo being an 'International Lender' is incorrect; while he did work in a number of banks as a low-level clerk, he was never ever a http://www.bbc.co.uk/search?q=Xavier Justo 'lender' neither has he held any type of senior position in any kind of Swiss or other EU bank. He likewise doesn't have the correct education or training for that type of task. From papers that we are still assessing, it is clear he stopped working to open up a checking account in a number of nations to receive the repayment for the swiped information, which present his case to be an 'International lender' in a mocks light.
Xavier Andre Justo personal life was, as we were told, highly unsteady. Mr. Justo was married to Daphné Smits for some years. According to pals of Mr. Justo, while he worked as a staff at Banque Scandinave en Suisse (BSS) in Geneva, he had sex-related encounters with his Boss's partner. A few months later on Mr. Justo apparently had an additional event with the spouse of his best friend as well as was caught in the act. Therefore, his partner Daphné separated him as well as took all his cash. Then Justo began a charming connection with Laura (his current better half) that he fulfilled when she was an assistant at the company where he was working at the moment.
In the meantime, Mr. Justo obtained heavily depressed as well as was afraid of retaliation by the contraband criminal gang. Mr. Justo, as well as his then girlfriend, Laura fled to Thailand and according to a previous close friend, "swiped all the money from his Mommy's savings account to spend for the journey"
After remaining in Thailand for a number of months, Mr. Justo called Mr. Obaid and also told him he was dealing with an absence of revenue as well as was "desperate" to sustain his family members.
In mid-2010, Mr. Obaid made a decision to provide Mr. Justo another chance and also offered him a new task with PetroSaudi International in London on the problem that Mr. Justo commit to stop his regular drug behavior as well as alcohol abuse. Mr. Justo readily concurred. With a hefty wage plan of 400,000 British Pounds per year that included a fully paid plush apartment or condo in Mayfair, Mr. Justo's life took a turn for the better and also his career was back on track.
Mr. Obaid, who extremely relied on Mr. Justo his youth friend, was concentrated on growing his worldwide procedures and required a person in London he might depend sign company documents on his part, conduct routine workplace financial and also various other mundane administrative features when Mr. Obaid was not in town.
Additional examinations of Mr. Justo's and also Mr. Obaid's relationship reveal the astonishing trust fund that the previous put into the latter.
From the numerous files we are currently confirming, among them is an authentic duplicate of Mr. Justo's employment agreement with PetroSaudi International (below).
Among the former buddies of Mr. Justo's that I talked to mentioned that he could not believe that Xavier had actually been provided such a high level income as well as trust in that company (PetroSaudi International) ... I bear in mind once we were hanging out at Zumas in Knights Bridge and also he spent for our dish and all the bevi's on a business credit card ... the expense was horrendous ...".
The previous PetroSaudi International Executive we talked to confirmed that within the company Mr. Justo was known to frequent costly London haunts in Knightsbridge and Covent Garden 2 of London's many special areas. (Zuma is a costly Japanese dining establishment). The former Exec also included that he recommended Mr. Obaid numerous times concerning Mr. Justo's social actions and ballooning expense accounts however that he (Mr. Obaid) "wouldn't come across it ... Tarek trusted this man given that he was a kid however never truly understood him ... Mr.
Obaid was immature, as well as had poor judgment when it came to youth buddies, it triggered a lot of stress in the office ... it was so damn foolish ... I couldn't take it anymore.".
Mr. Justo received a 3-year jail sentence in Thailand in 2015 after being convicted of extortion, blackmailing and also burglary of PetroSaudi International's data source. A criminal offense he conveniently admitted to.
According to court statement and also evidence given by various witnesses, Mr. Justo's work performance seriously scrubby in late 2010 with a number of absences and alcoholic binges that consisted of inappropriate behavior in the office. After that at first of April 2011 he missed out on a trip from London to New York city where he resulted from satisfy a significant customer in addition to the investors of PetroSaudi International.
Witnesses later on verified that Mr. Justo was high on cocaine and extremely intoxicated the night before the trip. When he stopped working to turn up to the conference in New york city, he was peremptorily disregarded from his position.
It was later on verified via a forensic examination that Mr. Justo stole PetroSaudi International's data source as well as made the last download of the 90Gb data 24h after he was terminated over the phone. This is the day that the 1MBD detraction began.
Xavier Andre Justo's criminal activities and indulgent drug habit triggered the globe's most significant economic scandal, lowered the Malaysian federal government, initiated criminal proceedings in Switzerland, Singapore, the EU and also the USA and also set you back the Malaysian individuals billions of bucks.
It is time the full fact emerges on this story.
With this assumed in mind, I will certainly be posting even more write-ups over the coming days as well as weeks regarding the 1MBD scandal and posting 'never-seen-before' files that will provide my visitors a clear understanding on exactly how a reduced degree worker, that had a regular drug and alcohol abuse trouble, was able to stir up among the biggest economic rumors in contemporary history.