In my proceeding investigation of the Malaysian 1MBD rumor, brand-new details has arised that showcases an intricate internet of intrigue, subterfuge as well as corruption including the intended 'Whistleblower' Xavier Andre Justo as well as a Swiss prosecutor. Mr. Justo, a previous high-level worker of PetroSaudi International SA, was imprisoned in Thailand for stealing a database from his former employer that damaged the scandal. A Swiss prosecutor who himself is presently under investigation for political corruption with a 'Dispute of Passion' attached to the case and a list of various other diverse actors more proper of a Hollywood thriller than reality conditions.
In my last article I reported on the 1MBD detraction's impact in Canada. In 2012, Malaysia's state-owned energy company Petronas obtained Canada's Progress Power for a reported $5.5 billion. At the time it was among Malaysia's largest international investments. Given the fact that the 1MBD detraction damaged after Petronas's aggressive entry to Canada's oil and also gas market, I began looking into and also reporting on the implications that corrupt international financiers from establishing nations, such as Malaysia, may have in Canadian private market fields. I made a decision to focus at first on the primary individual attributed with 'breaking' the tale of the IMBD detraction - Xavier Andre Justo.
Getting to the bottom of this complicated event has actually been testing. Put simply, the center monitoring of the companies involved in the 1MBD rumor, are essentially, terrified to speak with journalists. In addition, the leading tier executives of these companies will likewise not go on the document. Recently, I finally located a dissatisfied previous executive of PetroSaudi International as well as 2 former close friends of Mr. Justo's who were all kind enough to provide me some sorely needed background on the 'life as well as times' of Xavier Justo.
The previous Exec of PetroSaudi International spoke with me on condition of anonymity and additionally gave me with records, duplicates of sms message as well as various other product to sustain his cases that Xavier Justo, far from being a 'good deed doer', remains in reality he is a con-artist who enjoys the good life and has a narcotics abuse problem that consists of "heavy drinking and a lot of cocaine." I am currently validating the material provided to us regarding Mr. Justo as well as will certainly be releasing more passages soon. He additionally bitterly lambasted PetroSaudi International for allowing Mr. Justo to increase in the firm ranks in spite of his well-known partying way of life. These claims were also confirmed by the two former good friends of Mr. Justo, who were both jilted by him in individual fundings that were never ever paid back.
In February of this year, PetroSaudi International's Chief Executive Officer Tarek Essam Ahmad Obaid, firm Director Patrick Andrew Marc Mahony, and Malaysian shady 'businessman' Reduced Taek Jho were all prosecuted in Malaysia by the MACC (Malaysian Anti-Corruption Commission) over the 1MBD scandal. https://www.washingtonpost.com/newssearch/?query=Xavier Justo At the time, MACC happily introduced this in a press release which all three accused had actually been put on Interpol's 'Red Watch Checklist'. After an intensive week of exploring the claims Clare Rewcastle Brown and also counterclaims in between Mr. Justo and also PetroSaudi International, my research study group and I have actually concluded that Mr. Justo is an extreme opportunist with a prior criminal background who utilized his crucial placement at PetroSaudi International as well as his close relationship with CEO Tarek Obaid, to his own benefit which the 'mainstream media was tricked by his attempt to make himself appear like an innocent 'whistleblower'.
Along with this, after inspecting Interpol's on the internet 'Red Alert 'database it has actually been validated that neither Mr. Obaid nor Mr. Mahony have actually been put on Interpol's 'Red Watch Checklist" and that they are not 'desired fugitives' as suggested by lots of media electrical outlets.
My investigation of Mr. Justo and also from our sources noted above, verified that he has no formal university education and learning and that during the mid-2000's, he had ownership interests in some unethical clubs in Geneva. In 2006 Mr. Justo was detained by Swiss Federal Police for opening up as well as managing an account of a widely known Spanish contraband criminal gang. The account was frozen for criminal origin of funds as well as money laundering by the Geneva Financial Criminal Offense Authorities.
Mr. Justo was held for over 18 hours as well as was just launched after he, according to previous close friends, offered statement against the participants of the criminal gang he was benefiting. Remarkably, he was released without charges.
PetroSaudi International's CEO Tarek Obaid, is a double resident of Switzerland and also Saudi Arabia as well as graduated from Georgetown College's respected Institution of Foreign Service. Before the 1MBD rumor Mr. Obaid had never ever been charged with a criminal offense in any kind of country. According to the previous PetroSaudi International Exec and also previous close friends of Mr. Justo that I talked with, Mr. Obaid satisfied Mr. Justo on a basketball court when he was a 15-year-old that simply come in to Switzerland. They struck up a deep friendship as Justo himself is a descendant of immigrant parents. Justo served as a mentor to Mr. Obaid, his peer in company as well as life in Switzerland throughout both of their young people. Years later on, Mr. Obaid offered Mr. Justo reduced level work to aid him maintain himself and also his family members because of Mr. Justo's unfavorable economic scenarios. In these tasks Mr. Justo was used in different placements as a concierge, an auto valet and also handling small petty cash acquisitions for Mr. Obaid's workplace and family members.
The mainstream media pictures of Mr. Justo being an 'International Banker' is false; while he did operate in a couple of banks as a low-level clerk, he was never a 'banker' neither has he held any kind of senior setting in any kind of Swiss or various other EU financial institution. He also does not have the appropriate education and learning or training for that type of work. From papers that we are still evaluating, it is clear he failed to open a checking account in a number of countries to get the repayment for the stolen information, which present his case to be an 'International lender' in a mocks light.
Xavier Andre Justo personal life was, as we were told, very unsteady. Mr. Justo was married to Daphné Smits for some years. According to pals of Mr. Justo, while he worked as a clerk at Banque Scandinave en Suisse (BSS) in Geneva, he had sexual encounters with his Boss's wife. A couple of months later Mr. Justo apparently had another affair with the partner of his best friend as well as was caught in the act. Therefore, his spouse Daphné divorced him as well as took all his cash. Then Justo began an enchanting connection with Laura (his present partner) that he fulfilled when she was a secretary at the business where he was operating at the moment.
In the meantime, Mr. Justo got heavily depressed as well as was afraid of revenge by the contraband criminal gang. Mr. Justo, and his then girlfriend, Laura fled to Thailand and according to a former buddy, "swiped all the cash from his Mom's checking account to spend for the trip"
After remaining in Thailand for several months, Mr. Justo called Mr. Obaid and informed him he was struggling with a lack of revenue and also was "determined" to support his household.
In mid-2010, Mr. Obaid chose to give Mr. Justo one more chance and offered him a brand-new task with PetroSaudi International in London on the condition that Mr. Justo commit to stop his regular drug routine and also alcoholic abuse. Mr. Justo easily concurred. With a significant salary bundle of 400,000 British Extra pounds annually that included a completely paid plush apartment or condo in Mayfair, Mr. Justo's life took a turn right and his profession was back on course.
Mr. Obaid, who very relied on Mr. Justo his childhood years buddy, was concentrated on growing his worldwide procedures as well as required a person in London he can depend sign corporate papers on his part, conduct routine workplace banking and also other ordinary administrative functions when Mr. Obaid was not in the area.
More investigations of Mr. Justo's and also Mr. Obaid's connection reveal the astounding depend on that the previous taken into the last.
From the countless papers we are presently confirming, among them is a genuine duplicate of Mr. Justo's employment contract with PetroSaudi International (listed below).
Among the previous friends of Mr. Justo's that I spoke with specified that he couldn't believe that Xavier had actually been offered such a high level wage and rely on that firm (PetroSaudi International) ... I remember once we were hanging out at Zumas in Knights Bridge and he spent for our dish and all the bevi's on a business credit card ... the expense was shocking ...".
The former PetroSaudi International Executive we spoke with confirmed that within the company Mr. Justo was known to regular expensive London haunts in Knightsbridge and Covent Yard 2 of London's a lot of unique locations. (Zuma is a high-priced Japanese restaurant). The former Exec additionally included that he recommended Mr. Obaid several times concerning Mr. Justo's social habits as well as ballooning expense accounts yet that he (Mr. Obaid) "would not come across it ... Tarek trusted this person since he was a youngster yet never really understood him ... Mr.
Obaid was immature, and had bad judgment when it came to youth buddies, 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 founded guilty of extortion, blackmailing as well as theft of PetroSaudi International's data source. A criminal activity he readily admitted to.
According to court testimony as well as evidence offered by many witnesses, Mr. Justo's job performance seriously shabby in late 2010 with numerous lacks and also alcoholic binges that included inappropriate behavior in the workplace. Then in the beginning of April 2011 he missed out on a trip from London to New York city where he was because of satisfy a significant client as well as the investors of PetroSaudi International.
Witnesses later validated that Mr. Justo was high up on cocaine and also extremely intoxicated the evening before the flight. When he stopped working to turn up to the conference in New York, he was summarily disregarded from his position.
It was later confirmed through a forensic examination that Mr. Justo stole PetroSaudi International's database and made the last download of the 90Gb information 24h after he was terminated over the phone. This is the day that the 1MBD detraction started.
Xavier Andre Justo's criminal actions and also indulgent drug habit sparked the globe's biggest financial scandal, lowered the Malaysian federal government, launched criminal proceedings in Switzerland, Singapore, the EU and the USA as well as set you back the Malaysian people billions of dollars.
It is time the full fact emerges on this tale.
With this believed in mind, I will be publishing more posts over the coming days and also weeks concerning the 1MBD detraction and also posting 'never-seen-before' documents that will provide my readers a clear understanding on exactly how a lower degree staff member, that had a habitual alcohol and drug abuse trouble, had the ability to ignite among the largest monetary rumors in contemporary history.