In my proceeding investigation of the Malaysian 1MBD rumor, new info has arised that showcases a complicated internet of intrigue, subterfuge and also corruption entailing the intended 'Whistleblower' Xavier Andre Justo as well as a Swiss prosecutor. Mr. Justo, a previous high-level staff member of PetroSaudi International SA, was incarcerated in Thailand for stealing a data source from his previous company that broke the rumor. A Swiss district attorney that himself is presently under investigation for political corruption with a 'Problem of Passion' connected to the instance and also a list of other varied stars much more proper of a Hollywood thriller than the real world circumstances.
In my last post I reported on the 1MBD scandal's impact in Canada. In 2012, Malaysia's state-owned energy company Petronas got Canada's Development Power for a reported $5.5 billion. At the time it was among Malaysia's biggest international financial investments. Offered the reality that the 1MBD scandal broke just after Petronas's hostile entrance to Canada's oil as well as gas industry, I started looking into and also reporting on the effects that corrupt international capitalists from developing countries, such as Malaysia, might have in Canadian personal market fields. I chose to concentrate initially on the primary individual credited with 'damaging' the tale of the IMBD detraction - Xavier Andre Justo.
Getting to the bottom of this facility affair has been testing. Simply put, the middle monitoring of the business associated with the 1MBD detraction, are essentially, terrified to talk to reporters. In addition, the top tier execs of these companies will certainly also not take place the document. Last week, I ultimately found a disgruntled former exec of PetroSaudi International as well as 2 previous buddies of Mr. Justo's who were all kind enough to provide me some sorely required background on the 'life and also times' of Xavier Justo.
The previous Exec of PetroSaudi International spoke with me on condition of anonymity http://edition.cnn.com/search/?text=1MDB as well as additionally provided me with records, duplicates of sms message as well as various other material to sustain his claims that Xavier Justo, far from being a 'kindness doer', remains in reality he is a con-artist that enjoys the good life as well as has a narcotics abuse problem that consists of "hefty alcohol consumption as well as a lot of cocaine." I am currently validating the material offered to us regarding Mr. Justo and also will certainly be publishing even more excerpts quickly. He also bitterly lambasted PetroSaudi International for permitting Mr. Justo to increase in the business ranks in spite of his widely known partying way of living. These allegations were additionally validated by the two former pals of Mr. Justo, who were both jilted by him in individual fundings that were never ever repaid.
In February of this year, PetroSaudi International's CEO Tarek Essam Ahmad Obaid, firm Supervisor Patrick Andrew Marc Mahony, and Malaysian dubious 'entrepreneur' Low Taek Jho were all arraigned in Malaysia by the MACC (Malaysian Anti-Corruption Payment) over the 1MBD detraction. At the time, MACC happily announced this in a press release and that all 3 accused had actually been put on Interpol's 'Red Watch List'. After an extensive week of investigating the claims as well as counterclaims in between Mr. Justo as well as PetroSaudi International, my study group as well as I have wrapped up that Mr. Justo is a severe go-getter with a previous criminal background who used his essential setting at PetroSaudi International as well as his close friendship with Chief Executive Officer Tarek Obaid, to his very own benefit and that the 'mainstream media was deceived by his effort to make himself look like an innocent 'whistleblower'.
Along with this, after inspecting Interpol's on-line 'Red Alert 'data source it has been confirmed that neither Mr. Obaid neither Mr. Mahony have been put on Interpol's 'Red Watch Checklist" which they are not 'desired fugitives' as recommended by several media electrical outlets.
My investigation of Mr. Justo and from our sources noted above, validated that he has no official university education and learning and that throughout the mid-2000's, he had ownership passions in some dubious clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Police for opening up and also managing an account of a widely known Spanish contraband criminal gang. The account was iced up for criminal beginning of funds and also cash laundering by the Geneva Financial Crime Cops.
Mr. Justo was held for over 18 hrs and also was just launched after he, according to previous close friends, gave testament against the members of the criminal gang he was working for. Remarkably, he was released without charges.
PetroSaudi International's Chief Executive Officer Tarek Obaid, is a double resident of Switzerland and also Saudi Arabia as well as graduated from Georgetown University's distinguished Institution of Foreign Service. Before the 1MBD scandal Mr. Obaid had actually never ever been charged with a crime in any country. According to the previous PetroSaudi International Exec and former 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 come in to Switzerland. They struck up a deep friendship as Justo himself is an offspring of immigrant moms and dads. Justo functioned as a mentor to Mr. Obaid, his peer in organisation and life in Switzerland throughout both of their youths. Years later, Mr. Obaid gave Mr. Justo lower degree jobs to aid him maintain himself as well as his household as a result of Mr. Justo's regrettable financial conditions. In these jobs Mr. Justo was employed in numerous settings as a concierge, an auto valet as well as handling tiny petty cash acquisitions for Mr. Obaid's workplace and family members.
The mainstream media portraits of Mr. Justo being an 'International Banker' is incorrect; while he did work in a number of banks as a low-level clerk, he was never a 'banker' neither has he held any elderly placement in any type of Swiss or other EU bank. He additionally does not have the correct education or training for that sort of task. From papers that we are still assessing, it is clear he fell short to open up a bank account in several countries to receive the payment for the taken information, which offer his case to be an 'International lender' 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 pals of Mr. Justo, while he worked as a staff at Banque 1MDB Scandinave en Suisse (BSS) in Geneva, he had sex-related experiences with his Boss's partner. A few months later Mr. Justo presumably had one more event with the wife of his friend as well as was caught in the act. Consequently, his better half Daphné separated him and also took all his money. After that Justo started an enchanting connection with Laura (his present wife) that he fulfilled when she was a secretary at the company where he was working at the moment.
In the meantime, Mr. Justo obtained heavily depressed as well as was afraid of revenge by the contraband criminal gang. Mr. Justo, and his then partner, Laura ran away to Thailand and according to a former close friend, "swiped all the cash from his Mother's bank account to pay for the journey"
After being in Thailand for several months, Mr. Justo contacted Mr. Obaid and also told him he was suffering from a lack of earnings as well as was "desperate" to sustain his family.
In mid-2010, Mr. Obaid decided to offer Mr. Justo an additional opportunity and also used him a brand-new task with PetroSaudi International in London on the problem that Mr. Justo devote to stop his habitual drug habit and also alcoholic abuse. Mr. Justo easily agreed. With a large wage plan of 400,000 British Pounds per year that consisted of a totally paid luxurious apartment or condo in Mayfair, Mr. Justo's life deviated right as well as his occupation was back on track.
Mr. Obaid, who highly relied on Mr. Justo his childhood buddy, was focused on expanding his worldwide operations and also needed a person in London he can depend sign corporate papers on his part, conduct regular office banking and also other mundane management functions when Mr. Obaid was not in town.
Additional investigations of Mr. Justo's as well as Mr. Obaid's partnership expose the unbelievable count on that the former put into the latter.
From the countless documents we are currently confirming, one of them is an authentic copy of Mr. Justo's employment contract with PetroSaudi International (below).
Among the previous friends of Mr. Justo's that I interviewed specified that he could not think that Xavier had actually been provided such a high level wage and also rely on that company (PetroSaudi International) ... I remember 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 firm charge card ... the expense was horrendous ...".
The previous PetroSaudi International Executive we talked to verified that within the business Mr. Justo was understood to frequent expensive London haunts in Knightsbridge and also Covent Yard two of London's many exclusive areas. (Zuma is a pricey Japanese restaurant). The previous Exec likewise included that he suggested Mr. Obaid a number of times regarding Mr. Justo's social habits and ballooning expense accounts but that he (Mr. Obaid) "wouldn't come across it ... Tarek trusted this individual because he was a youngster yet never actually knew him ... Mr.
Obaid was immature, and had bad judgment when it involved childhood buddies, it created a lot of stress in the office ... it was so damn foolish ... I could not take it anymore.".
Mr. Justo obtained a 3-year jail sentence in Thailand in 2015 after being convicted of extortion, blackmailing and also theft of PetroSaudi International's data source. A crime he readily admitted to.
According to court testament as well as evidence offered by various witnesses, Mr. Justo's job efficiency seriously scrubby in late 2010 with a number of lacks as well as alcoholic binges that included inappropriate behavior in the office. After that at first of April 2011 he missed out on a flight from London to New york city city where he resulted from satisfy a significant client as well as the shareholders of PetroSaudi International.
Witnesses http://www.thefreedictionary.com/1MDB later on confirmed that Mr. Justo was high on cocaine as well as extremely intoxicated the evening prior to the trip. When he fell short to show up to the conference in New york city, he was peremptorily disregarded from his position.
It was later on verified with a forensic examination that Mr. Justo took PetroSaudi International's database and made the last download of the 90Gb information 24h after he was terminated over the phone. This is the date that the 1MBD rumor started.
Xavier Andre Justo's criminal actions and also indulgent drug habit triggered the globe's most significant economic detraction, brought down the Malaysian federal government, started criminal process in Switzerland, Singapore, the EU and the United States as well as cost the Malaysian individuals billions of bucks.
It is time the full truth emerges on this tale.
With this assumed in mind, I will certainly be posting even more short articles over the coming days and also weeks concerning the 1MBD rumor and posting 'never-seen-before' files that will certainly offer my visitors a clear understanding on how a reduced degree employee, that had a habitual alcohol and drug misuse problem, had the ability to fire up among the largest financial detractions in modern history.