In my continuing investigation of the Malaysian 1MBD scandal, brand-new info has actually arised that showcases an intricate web of intrigue, subterfuge as well as corruption including the intended 'Whistleblower' Xavier Andre Justo and also a Swiss prosecutor. Mr. Justo, a previous top-level worker of PetroSaudi International SA, was imprisoned in Thailand for stealing a data source from his previous company that broke the scandal. A Swiss prosecutor that himself is currently under investigation for political corruption with a 'Dispute of Passion' linked to the situation and also a list of other diverse actors extra proper of a Hollywood thriller than reality situations.
In my last post I reported on the 1MBD rumor's influence in Canada. In 2012, Malaysia's state-owned energy firm Petronas acquired Canada's Progress Power for a reported $5.5 billion. At the time it was just one of Malaysia's largest international investments. Provided the truth that the 1MBD scandal damaged just after Petronas's aggressive entrance to Canada's oil as well as gas market, I began investigating and also reporting on the implications that corrupt foreign capitalists from creating nations, such as Malaysia, may have in Canadian exclusive market industries. I chose to focus initially on the main person credited with 'breaking' the story of the IMBD rumor - Xavier Andre Justo.
Getting to the bottom of this complicated event has actually been testing. Basically, the middle administration of the companies involved in the 1MBD detraction, are generally, terrified to talk with reporters. Additionally, the top rate executives of these firms will likewise not go on the document. Last week, I finally discovered a disgruntled former exec of PetroSaudi International in addition to 2 previous good friends of Mr. Justo's that were all kind enough to offer me some sorely required background on the 'life and also times' of Xavier Justo.
The previous Executive of PetroSaudi International talked with me on condition of privacy and likewise offered me with files, duplicates of text messages and various other product to support his claims that Xavier Justo, far from being a 'kindness doer', is in truth he is a con-artist that enjoys the good life and has a narcotics abuse condition that consists of "heavy alcohol consumption and a lot of drug." I am currently verifying the product offered to us about Mr. Justo and also will certainly be releasing even more passages quickly. He also bitterly chewed out PetroSaudi International for enabling Mr. Justo to increase in the company ranks despite his widely known partying way of life. These allegations were additionally verified by the 2 previous buddies of Mr. Justo, who were both jilted by him in individual financings that were never repaid.
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 person' Reduced Taek Jho were all prosecuted in Malaysia by the MACC (Malaysian Anti-Corruption Commission) over the 1MBD detraction. At the time, MACC proudly announced this in a press release which all 3 implicated had been placed on Interpol's 'Red Watch Listing'. After an intensive week of examining the cases and also counterclaims in between Mr. Justo and also PetroSaudi International, my study team as well as I have actually wrapped up that Mr. Justo is an extreme opportunist with a prior criminal history who utilized his key position at PetroSaudi International as well as his close relationship with CEO Tarek Obaid, to his very own advantage which the 'conventional media was deceived by his effort to make himself look like an innocent 'whistleblower'.
In addition to this, after examining Interpol's on-line 'Red Alert 'data source it has been confirmed that neither Mr. Obaid nor Mr. Mahony have actually been placed on Interpol's 'Red Watch List" which they are not 'wanted fugitives' as recommended by many media outlets.
My examination of Mr. Justo as well as from our sources kept in mind above, confirmed that he has no formal university education and that during the mid-2000's, he had possession passions in some unethical clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Cops for opening up and also taking care of an account of a popular Spanish contraband criminal gang. The account was iced up for criminal beginning of funds as well as money laundering by the Geneva Financial Criminal Offense Police.
Mr. Justo was held for over 18 hours as well as was only launched after he, according to previous buddies, gave statement against the participants of the criminal gang he was helping. Remarkably, he was launched without charges.
PetroSaudi International's Chief Executive Officer Tarek Obaid, is a double person of Switzerland as well as Saudi Arabia and also finished from Georgetown College's prestigious Institution of Foreign Service. Prior to the 1MBD rumor Mr. Obaid had actually never ever been charged with a criminal offense in any type of country. According to the previous PetroSaudi International Executive and previous buddies of Mr. Justo that I consulted with, Mr. Obaid fulfilled Mr. Justo on a basketball court when he was a 15-year-old that simply arrived to Switzerland. They struck up a deep friendship as Justo himself is an offspring of immigrant parents. Justo functioned as a coach to Mr. Obaid, his peer in business and life in Switzerland throughout both of their young people. Years later, Mr. Obaid gave Mr. Justo reduced level work to assist him maintain himself and his family members due to Mr. Justo's unfortunate economic conditions. In these work Mr. Justo was utilized in numerous placements as a doorman, an automobile valet as well as managing tiny petty cash acquisitions for Mr. Obaid's office and also relative.
The mainstream media portraits of Mr. Justo being an 'International Banker' is incorrect; while he did operate in a couple of financial institutions as a low-level clerk, he was never ever a 'banker' neither has he held any elderly position in any type of Swiss or various other EU financial institution. He also doesn't have the proper education and learning or training for that type of task. From records that we are still assessing, it is clear he fell short to open up a checking account in numerous countries to get the payment for the taken data, which provide his claim to be an 'International banker' in a ridicules light.
Xavier Andre Justo individual life was, as we were informed, extremely unsteady. Mr. Justo was wed to Daphné Smits for some money-laundering years. According to friends of Mr. Justo, while he functioned as a clerk at Banque Scandinave en Suisse (BSS) in Geneva, he had sex-related experiences with his Boss's other half. A couple of months later Mr. Justo supposedly had one more event with the spouse of his friend as well as was caught in the act. Because of this, his better half Daphné divorced him as well as took all his cash. After that Justo started a romantic partnership with Laura (his present partner) who he satisfied when she was a secretary at the business where he was working at the moment.
In the meantime, Mr. Justo obtained greatly depressed and was afraid of revenge by the contraband criminal gang. Mr. Justo, and also his then girlfriend, Laura escaped to Thailand and also according to a former buddy, "swiped all the money from his Mother's savings account to spend for the journey"
After being in Thailand for several months, Mr. Justo spoke to Mr. Obaid and informed him he was struggling with an absence of earnings as well as was "hopeless" to support his family.
In mid-2010, Mr. Obaid determined to provide Mr. Justo an additional possibility and also used him a new job with PetroSaudi International in London on the condition that Mr. Justo dedicate to stop his regular cocaine practice and also alcoholic abuse. Mr. Justo easily agreed. With a substantial income bundle of 400,000 British Extra pounds each year that consisted of a fully paid luxurious apartment or condo in Mayfair, Mr. Justo's life deviated right as well as his occupation was back on the right track.
Mr. Obaid, that extremely relied on Mr. Justo his childhood years close friend, was focused on growing his global procedures and also required someone in London he can trust to sign corporate papers on his part, conduct regular office financial as well as various other mundane management functions when Mr. Obaid was not in the area.
Additional examinations of Mr. Justo's and Mr. Obaid's relationship disclose the extraordinary depend on that the previous taken into the last.
From the countless records we are currently validating, one of them is a genuine duplicate of Mr. Justo's employment agreement with PetroSaudi International (listed below).
Among the former buddies of Mr. Justo's that I spoke with specified that he couldn't think that Xavier had been provided such a high level income as well as rely on that firm (PetroSaudi International) ... I bear in mind one time we were hanging out at Zumas in Knights Bridge and also he spent for our dish and all the bevi's on a company credit card ... the expense was outrageous https://en.search.wordpress.com/?src=organic&q=Xavier Justo ...".
The former PetroSaudi International Exec we spoke with verified that within the business Mr. Justo was understood to regular pricey London haunts in Knightsbridge and Covent Yard 2 of London's a lot of special areas. (Zuma is an expensive Japanese dining establishment). The previous Executive likewise included that he recommended Mr. Obaid several times about Mr. Justo's social habits and ballooning expense accounts however that he (Mr. Obaid) "would not become aware of it ... Tarek trusted this man given that he was a youngster however never actually recognized him ... Mr.
Obaid was premature, and also had negative judgment when it concerned childhood years close friends, it created a lot of stress in the office ... it was so damn stupid ... I couldn't take it anymore.".
Mr. Justo got a 3-year jail sentence in Thailand in 2015 after being convicted of extortion, blackmailing and burglary of PetroSaudi International's database. A criminal activity he easily admitted to.
According to court testimony and proof given by numerous witnesses, Mr. Justo's work performance seriously deteriorated in late 2010 with a number of absences as well as alcoholic binges that included inappropriate behavior in the workplace. Then at first of April 2011 he missed out on a flight from London to New york city city where he was because of satisfy a major client as well as the shareholders of PetroSaudi International.
Witnesses later on validated that Mr. Justo was high up on drug as well as extremely intoxicated the evening before the flight. When he failed to turn up to the conference in New York, he was summarily disregarded from his setting.
It was later validated through a forensic examination that Mr. Justo swiped PetroSaudi International's data source and also made the last download of the 90Gb information 24h after he was fired over the phone. This is the date that the 1MBD detraction started.
Xavier Andre Justo's criminal actions and also indulgent drug habit stimulated the globe's biggest monetary scandal, brought down the Malaysian government, started criminal procedures in Switzerland, Singapore, the EU and also the United States as well as set you back the Malaysian people billions of dollars.
It is time the full truth comes to light on this story.
With this thought in mind, I will be publishing even more short articles over the coming days as well as weeks regarding the 1MBD scandal and posting 'never-seen-before' documents that will provide my viewers a clear understanding on exactly how a reduced degree worker, that had a regular alcohol and drug abuse issue, was able to fire up one of the biggest financial detractions in modern background.