In my continuing examination of the Malaysian 1MBD detraction, brand-new information has actually arised that showcases a complex internet of intrigue, subterfuge as well as corruption entailing the meant 'Whistleblower' Xavier Andre Justo as well as a Swiss district attorney. Mr. Justo, a previous top-level staff member of PetroSaudi International SA, was imprisoned in Thailand for swiping a data source from his former employer that broke the scandal. A Swiss district attorney who himself is currently under examination for political corruption with a 'Dispute of Passion' attached to the situation and also a litany of various other diverse stars much more proper of a Hollywood thriller than the real world situations.
In my last short article I reported on the 1MBD scandal's influence in Canada. In 2012, Malaysia's state-owned energy firm Petronas got Canada's Development Power for a reported $5.5 billion. At the time it was among Malaysia's largest international investments. Provided the truth that the 1MBD rumor broke just after Petronas's hostile entrance to Canada's oil as well as gas industry, I started looking into as well as reporting on the ramifications that corrupt international financiers from creating countries, such as Malaysia, might leaked documents have in Canadian private market fields. I decided to focus originally on the major individual attributed with 'damaging' the story of the IMBD scandal - Xavier Andre Justo.
Getting to the bottom of this facility affair has actually been testing. Simply put, the middle administration of the firms associated with the 1MBD rumor, are generally, frightened to talk to journalists. In addition, the leading tier execs of these firms will likewise not go on the document. Recently, I finally found an unhappy former executive of PetroSaudi International along with two former close friends of Mr. Justo's who were all kind enough to provide me some sorely needed history on the 'life and times' of Xavier Justo.
The previous Executive of PetroSaudi International talked with me on problem of anonymity as well as likewise gave me with records, copies of text messages as well as other product to sustain his cases that Xavier Justo, far from being a 'kind deed doer', remains in reality he is a con-artist who appreciates the good life and has a narcotics abuse problem that consists of "hefty drinking as well as a lot of cocaine." I am currently confirming the product provided to us about Mr. Justo and will be releasing even more excerpts quickly. He also bitterly bawled out PetroSaudi International for allowing Mr. Justo to rise in the business ranks in spite of his well-known partying way of life. These claims were also confirmed by the 2 former close friends of Mr. Justo, that were both jilted by him in personal fundings that were never repaid.
In February of this year, PetroSaudi International's Chief Executive Officer Tarek Essam Ahmad Obaid, firm Supervisor Patrick Andrew Marc Mahony, and also Malaysian dubious 'business person' Low Taek Jho were all arraigned in Malaysia by the MACC (Malaysian Anti-Corruption Compensation) over the 1MBD scandal. At the time, MACC proudly introduced this in a news release and that all 3 accused had been placed on Interpol's 'Red Watch Listing'. After an extensive week of exploring the insurance claims as well as counterclaims between Mr. Justo and PetroSaudi International, my research group as well as I have wrapped up that Mr. Justo is an extreme opportunist with a prior criminal history that used his vital position at PetroSaudi International and also his close relationship with Chief Executive Officer Tarek Obaid, to his very own benefit and that the 'mainstream media was fooled by his effort to make himself appear like an innocent 'whistleblower'.
In addition to this, after inspecting Interpol's on-line 'Red Alert 'data source it has been validated that neither Mr. Obaid neither Mr. Mahony have been put on Interpol's 'Red Watch List" which they are not 'wanted fugitives' as recommended by several media electrical outlets.
My examination of Mr. Justo and from our sources kept in mind above, confirmed that he has no official university education and learning which throughout the mid-2000's, he had possession passions in some shady clubs in Geneva. In 2006 Mr. Justo was restrained by Swiss Federal Police for opening and handling an account of a widely known Spanish contraband criminal gang. The account was frozen for criminal origin of funds and also cash laundering by the Geneva Financial Crime Police.
Mr. Justo was held for over http://query.nytimes.com/search/sitesearch/?action=click&contentCollection®ion=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/Xavier Justo 18 hrs and was only released after he, according to previous pals, gave testimony against the participants of the criminal gang he was helping. Surprisingly, he was launched without charges.
PetroSaudi International's Chief Executive Officer Tarek Obaid, is a twin person of Switzerland and Saudi Arabia and finished from Georgetown College's prestigious Institution of Foreign Service. Before the 1MBD scandal Mr. Obaid had never ever been charged with a crime in any country. According to the former PetroSaudi International Executive as well as previous pals of Mr. Justo that I talked to, Mr. Obaid met 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 a descendant of immigrant parents. Justo functioned as an advisor to Mr. Obaid, his peer in business and also life in Switzerland throughout both of their youths. Years later, Mr. Obaid provided Mr. Justo reduced level work to aid him maintain himself and his family due to Mr. Justo's unfavorable economic circumstances. In these jobs Mr. Justo was employed in different positions as a concierge, an auto valet and handling small petty cash acquisitions for Mr. Obaid's office and also family members.
The mainstream media pictures of Mr. Justo being an 'International Banker' is false; while he did operate in a number of financial institutions as a low-level clerk, he was never a 'lender' neither has he held any type of elderly placement in any type of Swiss or various other EU bank. He also doesn't have the appropriate education and learning or training for that sort of work. From files that we are still evaluating, it is clear he failed to open up a checking account in numerous nations to get the settlement for the stolen data, which provide his insurance claim to be an 'International banker' in a ridicules light.
Xavier Andre Justo individual life was, as we were told, very unstable. Mr. Justo was wed to Daphné Smits for some years. According to friends 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 better half. A couple of months later on Mr. Justo supposedly had another event with the better half of his best friend and was caught in the act. Therefore, his spouse Daphné separated him and took all his cash. After that Justo began a charming connection with Laura (his existing spouse) that he fulfilled when she was a secretary at the business where he was working at the moment.
In the meantime, Mr. Justo got heavily clinically depressed and also hesitated of retaliation by the contraband criminal gang. Mr. Justo, as well as his then partner, Laura escaped to Thailand as well as according to a former buddy, "stole all the cash from his Mom's savings account to pay for the journey"
After remaining in Thailand for numerous months, Mr. Justo called Mr. Obaid and told him he was dealing with a lack of revenue and was "determined" to support his family members.
In mid-2010, Mr. Obaid chose to provide Mr. Justo one more possibility and also provided him a new job with PetroSaudi International in London on the problem that Mr. Justo commit to stop his regular drug practice as well as alcohol abuse. Mr. Justo easily concurred. With a significant wage plan of 400,000 British Pounds annually that consisted of a totally paid deluxe apartment or condo in Mayfair, Mr. Justo's life deviated right as well as his profession was back on course.
Mr. Obaid, that highly trusted Mr. Justo his youth good friend, was concentrated on expanding his global operations and required somebody in London he can depend sign corporate documents on his part, conduct routine office financial as well as various other mundane administrative functions when Mr. Obaid was not around.
More examinations of Mr. Justo's as well as Mr. Obaid's connection reveal the extraordinary trust that the former taken into the latter.
From the many records we are presently verifying, among them is an authentic copy of Mr. Justo's employment contract with PetroSaudi International (below).
One of the previous pals of Mr. Justo's that I spoke with specified that he could not believe that Xavier had actually been offered such a high level salary and also rely on that company (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 business charge card ... the expense was horrendous ...".
The previous PetroSaudi International Exec we talked with validated that within the company Mr. Justo was understood to regular high-priced London haunts in Knightsbridge as well as Covent Garden two of London's many exclusive areas. (Zuma is an expensive Japanese restaurant). The previous Exec also added that he suggested Mr. Obaid a number of times about Mr. Justo's social behavior as well as ballooning expense accounts but that he (Mr. Obaid) "wouldn't become aware of it ... Tarek trusted this person given that he was a child however never ever actually recognized him ... Mr.
Obaid was premature, as well as had negative judgment when it came to youth buddies, it caused a great deal of stress in the office ... it was so damn foolish ... I could not take it anymore.".
Mr. Justo got a 3-year jail sentence in Thailand in 2015 after being founded guilty of extortion, blackmailing and also theft of PetroSaudi International's database. A crime he readily admitted to.
According to court testament and evidence provided by countless witnesses, Mr. Justo's work efficiency seriously shabby in late 2010 with a number of lacks as well as alcoholic binges that included inappropriate behavior in the workplace. After that at first of April 2011 he missed a trip from London to New York city where he resulted from fulfill a major customer along with the shareholders of PetroSaudi International.
Witnesses later on validated that Mr. Justo was high up on drug and also highly intoxicated the evening prior to the trip. When he failed to turn up to the conference in New York, he was summarily rejected from his placement.
It was later on verified via a forensic investigation that Mr. Justo stole PetroSaudi International's database and also made the last download of the 90Gb data 24h after he was fired over the phone. This is the date that the 1MBD rumor began.
Xavier Andre Justo's criminal actions and indulgent drug habit sparked the globe's greatest economic detraction, brought down the Malaysian federal government, launched criminal procedures in Switzerland, Singapore, the EU as well as the USA as well as set you back the Malaysian individuals billions of bucks.
It is time the full truth emerges on this tale.
With this assumed in mind, I will be uploading even more short articles over the coming days and weeks concerning the 1MBD scandal and also posting 'never-seen-before' files that will offer my readers a clear understanding on exactly how a reduced degree employee, who had a regular drug and alcohol abuse trouble, was able to fire up one of the greatest monetary scandals in modern history.