In my proceeding investigation of the Malaysian 1MBD detraction, new info has arised that showcases a complex web of intrigue, subterfuge and corruption including the supposed 'Whistleblower' Xavier Andre Justo as well as a Swiss district attorney. Mr. Justo, a former high-level staff member of PetroSaudi International SA, was jailed in Thailand for stealing a database from his previous company that broke the scandal. A Swiss prosecutor that himself is presently under examination for political corruption with a 'Dispute of Rate of interest' attached to the case as well as a list of other varied stars extra befitting of a Hollywood thriller than reality situations.
In my last post I reported on the 1MBD rumor's impact in Canada. In 2012, Malaysia's state-owned energy business Petronas obtained Canada's Progress Power for a reported $5.5 billion. At the time it was among Malaysia's largest foreign financial investments. Offered the fact that the 1MBD rumor broke just after Petronas's hostile entryway to Canada's oil as well as gas sector, I started looking into as well as reporting on the implications that corrupt international capitalists from establishing nations, such as Malaysia, may have in Canadian exclusive market fields. I determined to focus initially on the main individual credited with 'damaging' the story of the IMBD detraction - Xavier Andre Justo.
Getting to the bottom of this facility event has been challenging. Basically, the middle monitoring of the business involved in the 1MBD rumor, are essentially, terrified to talk with journalists. Additionally, the leading rate execs of these firms will certainly additionally not take place the record. Last week, I lastly located a dissatisfied previous exec of PetroSaudi International in addition to 2 former friends of Mr. Justo's who were all kind sufficient to provide me some sorely needed history on the 'life and also times' of Xavier Justo.
The former Executive of PetroSaudi International spoke to me on problem of anonymity and also provided me with records, copies of text messages and other product to sustain his cases that Xavier Justo, much from being a 'kind deed doer', is in fact he is a con-artist that takes pleasure in the good life and also has a narcotics abuse problem that consists of "hefty alcohol consumption and also a great deal of cocaine." I am currently confirming the product given to us concerning Mr. Justo as well as will certainly be publishing even more excerpts soon. He additionally bitterly lambasted PetroSaudi International for enabling Mr. Justo to rise in the business places in spite Sarawak Report scandal of his widely known partying lifestyle. These allegations were additionally confirmed by the 2 former pals of Mr. Justo, who were both jilted by him in personal loans that were never ever paid back.
In February of this year, PetroSaudi International's CEO Tarek Essam Ahmad Obaid, business Director Patrick Andrew Marc Mahony, and also Malaysian unethical 'businessman' Low Taek Jho were all fingered in Malaysia by the MACC (Malaysian Anti-Corruption Payment) over the 1MBD scandal. At the time, MACC happily revealed this in a news release which all 3 charged had been placed on Interpol's 'Red Watch List'. After an intensive week of exploring the claims as well as counterclaims between Mr. Justo as well as PetroSaudi International, my research study group and I have wrapped up that Mr. Justo is an extreme opportunist with a prior criminal background that used his crucial placement at PetroSaudi International as well as his close friendship with CEO Tarek Obaid, to his very own benefit which the 'traditional media was tricked by his attempt to make himself resemble an innocent 'whistleblower'.
In addition to this, after examining Interpol's on-line 'Red Alert 'data source it has actually been verified that neither Mr. Obaid nor Mr. Mahony have https://www.washingtonpost.com/newssearch/?query=1MDB been placed on Interpol's 'Red Watch Checklist" and that they are not 'wanted fugitives' as suggested by many media electrical outlets.
My examination of Mr. Justo and also from our sources noted above, confirmed that he has no official university education which during the mid-2000's, he had possession passions in some dubious clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Authorities for opening up and managing an account of a popular Spanish contraband criminal gang. The account was iced up for criminal origin of funds as well as cash laundering by the Geneva Financial Criminal Offense Cops.
Mr. Justo was held for over 18 hours and also was just launched after he, according to former friends, gave testimony against the participants of the criminal gang he was working for. Surprisingly, he was released without charges.
PetroSaudi International's CEO Tarek Obaid, is a twin person of Switzerland and also Saudi Arabia and finished from Georgetown University's prominent School of Foreign Service. Before the 1MBD scandal Mr. Obaid had never been charged with a criminal offense in any country. According to the former PetroSaudi International Executive and previous buddies of Mr. Justo that I spoke to, Mr. Obaid met 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 moms and dads. Justo functioned as a mentor to Mr. Obaid, his peer in service as well as life in Switzerland throughout both of their youths. Years later, Mr. Obaid offered Mr. Justo lower degree tasks to help him sustain himself as well as his family because of Mr. Justo's regrettable financial circumstances. In these work Mr. Justo was used in numerous placements as a concierge, an auto valet as well as managing small petty cash acquisitions for Mr. Obaid's workplace and member of the family.
The mainstream media pictures of Mr. Justo being an 'International Lender' is incorrect; while he did operate in a number of financial institutions as a low-level clerk, he was never a 'banker' neither has he held any senior setting in any type of Swiss or other EU financial institution. He additionally doesn't have the proper education or training for that sort of job. From documents that we are still examining, it is clear he stopped working to open a savings account in a number of countries to get the settlement for the stolen data, which provide his case to be an 'International banker' in a mocks light.
Xavier Andre Justo personal life was, as we were told, extremely unpredictable. Mr. Justo was married to Daphné Smits for some years. According to close friends of Mr. Justo, while he functioned as a staff at Banque Scandinave en Suisse (BSS) in Geneva, he had sex-related experiences with his Boss's other half. A couple of months later on Mr. Justo supposedly had one more affair with the partner of his buddy and also was caught in the act. As a result, his spouse Daphné separated him and took all his money. Then Justo began a romantic partnership with Laura (his existing better half) that he fulfilled when she was an assistant at the business where he was working at the moment.
In the meantime, Mr. Justo obtained heavily depressed and hesitated of revenge by the contraband criminal gang. Mr. Justo, and also his then partner, Laura fled to Thailand as well as according to a former friend, "swiped all the cash from his Mom's checking account to spend for the trip"
After remaining in Thailand for a number of months, Mr. Justo called Mr. Obaid and told him he was struggling with an absence of revenue as well as was "determined" to sustain his family members.
In mid-2010, Mr. Obaid chose to provide Mr. Justo an additional possibility and supplied him a new job with PetroSaudi International in London on the problem that Mr. Justo commit to quit his habitual drug habit and alcohol abuse. Mr. Justo readily concurred. With a large income bundle of 400,000 British Pounds each year that included a fully paid plush house in Mayfair, Mr. Justo's life deviated right and his career was back on track.
Mr. Obaid, who extremely trusted Mr. Justo his youth good friend, was focused on expanding his worldwide operations as well as required somebody in London he can depend sign company papers on his part, conduct regular workplace financial as well as various other mundane management features when Mr. Obaid was not in the area.
More examinations of Mr. Justo's as well as Mr. Obaid's relationship expose the extraordinary depend on that the previous put into the latter.
From the many papers we are presently validating, one of them is an authentic duplicate of Mr. Justo's employment agreement with PetroSaudi International (below).
Among the former good friends of Mr. Justo's that I spoke with mentioned that he couldn't believe that Xavier had been given such a high degree salary and 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 meal and all the bevi's on a firm charge card ... the bill was horrendous ...".
The former PetroSaudi International Exec we talked to confirmed that within the company Mr. Justo was recognized to constant high-priced London haunts in Knightsbridge as well as Covent Garden 2 of London's most exclusive areas. (Zuma is a costly Japanese dining http://edition.cnn.com/search/?text=1MDB establishment). The former Executive likewise included that he advised Mr. Obaid several times concerning Mr. Justo's social behavior as well as ballooning expense accounts yet that he (Mr. Obaid) "would not hear of it ... Tarek trusted this person given that he was a child however never truly understood him ... Mr.
Obaid was premature, and had bad judgment when it came to youth buddies, it triggered a lot of stress in the workplace ... it was so damn stupid ... 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 criminal offense he readily admitted to.
According to court statement as well as evidence given by various witnesses, Mr. Justo's job efficiency seriously scrubby in late 2010 with several lacks as well as alcoholic binges that consisted of inappropriate behavior in the office. After that at first of April 2011 he missed a trip from London to New York city where he resulted from fulfill a significant client in addition to the shareholders of PetroSaudi International.
Witnesses later on verified that Mr. Justo was high up on drug and extremely intoxicated the evening before the flight. When he fell short to turn up to the meeting in New York, he was swiftly disregarded 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 day that the 1MBD scandal started.
Xavier Andre Justo's criminal activities and indulgent drug habit sparked the world's biggest economic rumor, lowered the Malaysian federal government, launched criminal proceedings in Switzerland, Singapore, the EU as well as the United States and cost the Malaysian people billions of bucks.
It is time the full truth comes to light on this story.
With this assumed in mind, I will certainly be publishing more articles over the coming days and weeks regarding the 1MBD rumor as well as posting 'never-seen-before' papers that will give my visitors a clear understanding on how a reduced degree employee, who had a regular alcohol and drug abuse trouble, was able to ignite one of the greatest financial scandals in contemporary background.