In my continuing examination of the Malaysian 1MBD detraction, new information has arised that showcases a complex internet of intrigue, subterfuge and corruption including the intended 'Whistleblower' Xavier Andre Justo and also a Swiss prosecutor. Mr. Justo, a previous top-level employee of PetroSaudi International SA, was imprisoned in Thailand for swiping a data source from his previous company that broke the detraction. A Swiss district attorney who himself is currently under examination for political corruption with a 'Problem of Passion' linked to the case as well as a list of various other varied stars more proper of a Hollywood thriller than reality situations.
In my last post I reported on the 1MBD detraction's impact in Canada. In 2012, Malaysia's state-owned power business Petronas acquired Canada's Progression Power for a reported $5.5 billion. At the time it was one of Malaysia's largest international financial investments. Offered the reality that the 1MBD rumor damaged just after Petronas's hostile entry to Canada's oil and also gas sector, I began looking into as well as reporting on the implications that corrupt foreign investors from establishing countries, such as Malaysia, might have in Canadian private market industries. I chose to focus initially on the main individual attributed with 'breaking' the story of the IMBD detraction - Xavier Andre Justo.
Getting to the bottom of this complex event has been testing. Basically, the center monitoring of the companies associated with Anti-Corruption Commission the 1MBD rumor, are generally, scared to speak with journalists. Additionally, the leading rate execs of these companies will certainly likewise not take place the record. Last week, I finally discovered an unhappy previous exec of PetroSaudi International along with two former buddies of Mr. Justo's that were all kind sufficient to offer me some sorely needed history on the 'life and also times' of Xavier Justo.
The former Executive of PetroSaudi International talked to me on condition of privacy as well as likewise supplied me with records, duplicates of text and various other material to support his cases that Xavier Justo, far from being a 'good deed doer', is in truth he is a con-artist who delights in the good life and also has a narcotics abuse condition that includes "heavy drinking as well as a lot of cocaine." I am presently confirming the product provided to us concerning Mr. Justo as well as will certainly be releasing even more passages quickly. He additionally bitterly chewed out PetroSaudi International for permitting Mr. Justo to rise in the firm places despite his well-known partying way of life. These claims were likewise confirmed by the 2 previous friends of Mr. Justo, that were both jilted by him in individual loans that were never paid back.
In February of this year, PetroSaudi International's CEO Tarek Essam Ahmad Obaid, business Director Patrick Andrew Marc Mahony, and Malaysian questionable 'entrepreneur' Low Taek Jho were all prosecuted in Malaysia by the MACC (Malaysian Anti-Corruption Payment) over the 1MBD rumor. At the time, MACC proudly revealed this in a press release which all three charged had actually been put on Interpol's 'Red Watch List'. https://en.wikipedia.org/wiki/?search=1MDB After an extensive week of investigating the insurance claims as well as counterclaims in between Mr. Justo and PetroSaudi International, my research team and I have actually ended that Mr. Justo is an extreme go-getter with a prior criminal background that used his key placement at PetroSaudi International and his close friendship with CEO Tarek Obaid, to his very own advantage which the 'traditional media was misleaded by his effort to make himself resemble an innocent 'whistleblower'.
In addition to this, after checking Interpol's on-line 'Red Alert 'data source it has actually been verified that neither Mr. Obaid nor Mr. Mahony have been put on Interpol's 'Red Watch Listing" and that they are not 'desired fugitives' as suggested by many media electrical outlets.
My investigation of Mr. Justo and also from our resources noted above, validated that he has no formal university education and learning and that during the mid-2000's, he had possession rate of interests in some dubious clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Cops for opening and managing an account of a widely known Spanish contraband criminal gang. The account was iced up for criminal origin of funds and 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 testimony against the members of the criminal gang he was benefiting. Remarkably, he was launched without charges.
PetroSaudi International's CEO Tarek Obaid, is a double citizen of Switzerland and also Saudi Arabia as well as graduated from Georgetown College's respected College of Foreign Service. Before the 1MBD detraction Mr. Obaid had never been charged with a criminal offense in any kind of nation. According to the former PetroSaudi International Exec as well as previous buddies of Mr. Justo that I talked with, Mr. Obaid fulfilled Mr. Justo on a basketball court when he was a 15-year-old that just come in to Switzerland. They struck up a deep relationship as Justo himself is an offspring of immigrant moms and dads. Justo served as a mentor to Mr. Obaid, his peer in company and also life in Switzerland throughout both of their youths. Years later, Mr. Obaid offered Mr. Justo lower degree tasks to help him sustain himself and also his household because of Mr. Justo's regrettable economic situations. In these jobs Mr. Justo was employed in different positions as a doorman, a vehicle valet and dealing with tiny petty cash acquisitions for Mr. Obaid's office and also family members.
The mainstream media portraits of Mr. Justo being an 'International Lender' is incorrect; while he did operate in a couple of banks as a low-level staff, he was never ever a 'banker' neither has he held any senior setting in any type of Swiss or other EU bank. He likewise does not have the correct education and learning or training for that type of job. From records that we are still assessing, it is clear he fell short to open a checking account in numerous countries to receive the payment for the stolen data, which offer his insurance claim to be an 'International lender' in a ridicules light.
Xavier Andre Justo personal life was, as we were told, very unstable. Mr. Justo was wed to Daphné Smits for some years. According to good friends of Mr. Justo, while he functioned as a staff at Banque Scandinave en Suisse (BSS) in Geneva, he had sexual experiences with his Manager's better half. A couple of months later on Mr. Justo presumably had an additional affair with the spouse of his friend and also was caught in the act. As a result, his other half Daphné divorced him and took all his cash. Then Justo began a romantic partnership with Laura (his current other half) who he fulfilled when she was a secretary at the company where he was operating at the moment.
In the meantime, Mr. Justo obtained greatly clinically depressed and also hesitated of revenge by the contraband criminal gang. Mr. Justo, and also his after that partner, Laura escaped to Thailand and according to a previous close friend, "stole all the cash from his Mommy's savings account to pay for the journey"
After remaining in Thailand for numerous months, Mr. Justo got in touch with Mr. Obaid as well as told him he was experiencing a lack of income and also was "determined" to support his household.
In mid-2010, Mr. Obaid determined to provide Mr. Justo another possibility and offered him a brand-new job with PetroSaudi International in London on the condition that Mr. Justo devote to stop his regular drug practice and alcoholic abuse. Mr. Justo readily agreed. With a significant wage package of 400,000 British Pounds each year that included a completely paid luxurious house in Mayfair, Mr. Justo's life took a turn right and his job was back on track.
Mr. Obaid, that highly trusted Mr. Justo his childhood buddy, was concentrated on growing his worldwide operations and also needed someone in London he might trust to authorize company documents on his part, conduct routine workplace banking as well as other ordinary management features when Mr. Obaid was not in town.
More examinations of Mr. Justo's as well as Mr. Obaid's connection disclose the astonishing trust that the former put into the last.
From the many files we are currently validating, among them is a genuine duplicate of Mr. Justo's employment agreement with PetroSaudi International (listed below).
Among the former pals of Mr. Justo's that I spoke with specified that he couldn't believe that Xavier had been offered such a high level salary and also rely on that company (PetroSaudi International) ... I keep in mind once we were hanging out at Zumas in Knights Bridge as well as he spent for our meal and all the bevi's on a business charge card ... the bill was horrendous ...".
The previous PetroSaudi International Exec we talked with confirmed that within the firm Mr. Justo was understood to regular costly London haunts in Knightsbridge as well as Covent Yard two of London's most unique areas. (Zuma is an expensive Japanese dining establishment). The former Exec likewise added that he recommended Mr. Obaid several times about Mr. Justo's social behavior and ballooning expense accounts yet that he (Mr. Obaid) "would not hear of it ... Tarek trusted this individual considering that he was a kid however never really recognized him ... Mr.
Obaid was premature, as well as had bad judgment when it concerned childhood years good friends, it caused a great deal of tension in the office ... it was so damn stupid ... I could not take it any longer.".
Mr. Justo received a 3-year jail sentence in Thailand in 2015 after being founded guilty of extortion, blackmailing and also burglary of PetroSaudi International's database. A criminal offense he easily admitted to.
According to court statement and proof provided by numerous witnesses, Mr. Justo's job performance seriously scrubby in late 2010 with numerous lacks and also alcoholic binges that consisted of inappropriate behavior in the workplace. Then in the beginning of April 2011 he missed out on a trip from London to New york city city where he was due to fulfill a major customer along with the shareholders of PetroSaudi International.
Witnesses later on confirmed that Mr. Justo was high on drug as well as extremely intoxicated the night prior to the flight. When he fell short to turn up to the conference in New york city, he was peremptorily rejected from his setting.
It was later verified with a forensic investigation that Mr. Justo swiped PetroSaudi International's database as well as made the last download of the 90Gb data 24h after he was terminated over the phone. This is the date that the 1MBD scandal started.
Xavier Andre Justo's criminal activities and also indulgent drug habit triggered the globe's biggest monetary detraction, brought down the Malaysian federal government, initiated criminal proceedings in Switzerland, Singapore, the EU as well as the United States and cost the Malaysian people billions of dollars.
It http://www.bbc.co.uk/search?q=1MDB is time the full fact comes to light on this story.
With this assumed in mind, I will be publishing more posts over the coming days as well as weeks regarding the 1MBD detraction as well as publishing 'never-seen-before' documents that will give my readers a clear understanding on exactly how a lower level staff member, who had a habitual alcohol and drug misuse problem, was able to ignite one of the largest economic detractions in modern history.