In my proceeding investigation of the Malaysian 1MBD scandal, brand-new details has arised that showcases an intricate web of intrigue, subterfuge and corruption entailing the meant 'Whistleblower' Xavier Andre Justo as well as a Swiss prosecutor. Mr. Justo, a former top-level employee of PetroSaudi International SA, was jailed in Thailand for swiping a data source from his former company that broke the rumor. A Swiss district attorney who himself is presently under examination for political corruption with a 'Dispute of Interest' connected to the instance and also a list of other varied stars extra befitting of a Hollywood thriller than reality situations.
In my last AG write-up I reported on the 1MBD scandal's impact in Canada. In 2012, Malaysia's state-owned power firm Petronas http://www.bbc.co.uk/search?q=1MDB obtained Canada's Development Power for a reported $5.5 billion. At the time it was among Malaysia's largest foreign investments. Given the reality that the 1MBD rumor damaged just after Petronas's hostile entryway to Canada's oil and also gas industry, I started researching and reporting on the effects that corrupt international financiers from developing nations, such as Malaysia, may have in Canadian private market fields. I chose to focus at first on the primary individual attributed with 'breaking' the tale of the IMBD scandal - Xavier Andre Justo.
Getting to the bottom of this facility event has actually been testing. Basically, the center management of the companies associated with the 1MBD detraction, are for the most part, terrified to speak with journalists. Additionally, the leading tier execs of these companies will also not go on the record. Last week, I lastly found a dissatisfied former exec of PetroSaudi International as well as two former pals of Mr. Justo's that were all kind enough to offer me some sorely needed background on the 'life as well as times' of Xavier Justo.
The former Executive of PetroSaudi International spoke to me on problem of privacy as well as additionally supplied me with files, copies of text as well as other material to sustain his cases that Xavier Justo, much from being a 'kind deed doer', remains in truth he is a con-artist who takes pleasure in the good life and has a narcotics abuse problem that consists of "heavy alcohol consumption as well as a lot of drug." I am currently confirming the material offered to us concerning Mr. Justo and also will be publishing even more excerpts soon. He also bitterly bawled out PetroSaudi International for permitting Mr. Justo to climb in the business ranks despite his popular partying way of life. These accusations were likewise verified by the 2 former pals of Mr. Justo, that were both jilted by him in personal lendings that were never ever paid back.
In February of this year, PetroSaudi International's Chief Executive Officer Tarek Essam Ahmad Obaid, business Director Patrick Andrew Marc Mahony, and also Malaysian questionable 'business person' Reduced Taek Jho were all prosecuted in Malaysia by the MACC (Malaysian Anti-Corruption Payment) over the 1MBD rumor. At the time, MACC happily introduced this in a news release and that all three accused had been placed on Interpol's 'Red Watch Listing'. After an extensive week of checking out the insurance claims as well as counterclaims between Mr. Justo and PetroSaudi International, my research team as well as I have concluded that Mr. Justo is a severe go-getter with a prior criminal history that utilized his key position at PetroSaudi International and also his close relationship with Chief Executive Officer Tarek Obaid, to his very own benefit which the 'traditional media was misleaded by his effort to make himself resemble an innocent 'whistleblower'.
Along with this, after checking Interpol's on-line 'Red Alert 'data source it has actually been validated that neither Mr. Obaid neither Mr. Mahony have been put on Interpol's 'Red Watch Checklist" which they are not 'desired fugitives' as suggested by many media outlets.
My examination of Mr. Justo and also from our sources kept in mind above, verified that he has no formal university education which throughout the mid-2000's, he had possession interests in some questionable clubs in Geneva. In 2006 Mr. Justo was apprehended by Swiss Federal Authorities for opening up and managing an account of a widely known Spanish contraband criminal gang. The account was iced up for criminal beginning of funds and money laundering by the Geneva Financial Criminal Activity Police.
Mr. Justo was held for over 18 hrs and also was only released after he, according to previous friends, provided statement versus the members of the criminal gang he was working for. Surprisingly, he was released without charges.
PetroSaudi International's CEO Tarek Obaid, is a double resident of Switzerland and Saudi Arabia and also finished from Georgetown University's prominent College of Foreign Service. Prior to the 1MBD rumor Mr. Obaid had never been charged with a crime in any type of nation. According to the former PetroSaudi International Executive as well as former buddies of Mr. Justo that I consulted with, Mr. Obaid met Mr. Justo on a basketball court when he was a 15-year-old that just come in to Switzerland. They struck up a deep friendship as Justo himself is an offspring of immigrant parents. Justo functioned as a mentor to Mr. Obaid, his peer in company and life in Switzerland throughout both of their youths. Years later on, Mr. Obaid https://en.wikipedia.org/wiki/?search=1MDB gave Mr. Justo lower degree tasks to help him sustain himself as well as his family members due to Mr. Justo's unfavorable economic circumstances. In these tasks Mr. Justo was used in numerous positions as a concierge, an automobile valet and taking care of little petty cash purchases for Mr. Obaid's office and relative.
The mainstream media portraits 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 type of elderly setting in any Swiss or other EU financial institution. He additionally doesn't have the correct education or training for that sort of job. From documents that we are still reviewing, it is clear he stopped working to open up a savings account in numerous countries to receive the payment for the swiped information, which provide his case to be an 'International lender' in a ridicules light.
Xavier Andre Justo personal life was, as we were told, extremely unstable. Mr. Justo was wed to Daphné Smits for some years. According to close friends of Mr. Justo, while he worked as a clerk at Banque Scandinave en Suisse (BSS) in Geneva, he had sexual experiences with his Manager's wife. A few months later Mr. Justo apparently had one more affair with the partner of his buddy and was caught in the act. As a result, his partner Daphné separated him as well as took all his cash. Then Justo began a romantic partnership with Laura (his existing spouse) who he satisfied when she was an assistant at the company where he was operating at the time.
In the meantime, Mr. Justo obtained heavily depressed and also hesitated of retaliation by the contraband criminal gang. Mr. Justo, and his then partner, Laura escaped to Thailand and according to a former close friend, "took all the cash from his Mom's savings account to pay for the journey"
After being in Thailand for several months, Mr. Justo called Mr. Obaid as well as informed him he was suffering from a lack of revenue as well as was "desperate" to sustain his family members.
In mid-2010, Mr. Obaid determined to provide Mr. Justo another chance as well as offered him a new job with PetroSaudi International in London on the condition that Mr. Justo dedicate to stop his regular cocaine behavior as well as alcoholic abuse. Mr. Justo readily agreed. With a substantial wage bundle of 400,000 British Pounds annually that included a fully paid luxurious house in Mayfair, Mr. Justo's life deviated right as well as his job was back on course.
Mr. Obaid, who highly trusted Mr. Justo his childhood years good friend, was focused on expanding his international procedures and also needed a person in London he can depend sign corporate documents on his behalf, conduct regular office banking and also other mundane administrative features when Mr. Obaid was not around.
More examinations of Mr. Justo's as well as Mr. Obaid's connection disclose the astonishing count on that the previous taken into the latter.
From the countless documents we are presently validating, among them is an authentic duplicate of Mr. Justo's employment agreement with PetroSaudi International (listed below).
Among the former buddies of Mr. Justo's that I spoke with stated that he couldn't think that Xavier had actually been provided such a high level wage and also rely on that firm (PetroSaudi International) ... I keep in mind one-time 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 credit card ... the expense was outrageous ...".
The former PetroSaudi International Exec we talked with confirmed that within the firm Mr. Justo was known to regular pricey London haunts in Knightsbridge and also Covent Garden 2 of London's many special areas. (Zuma is an expensive Japanese restaurant). The former Executive also included that he encouraged Mr. Obaid several times regarding Mr. Justo's social behavior as well as ballooning expense accounts but that he (Mr. Obaid) "would not hear of it ... Tarek trusted this man since he was a youngster however never really recognized him ... Mr.
Obaid was premature, and had negative judgment when it involved youth close friends, it triggered a lot of tension in the office ... it was so damn dumb ... I could not take it anymore.".
Mr. Justo received a 3-year prison sentence in Thailand in 2015 after being convicted of extortion, blackmailing as well as theft of PetroSaudi International's database. A criminal offense he readily confessed to.
According to court statement and also proof offered by many witnesses, Mr. Justo's work efficiency seriously tatty in late 2010 with several absences as well as alcoholic binges that consisted of inappropriate behavior in the workplace. Then initially of April 2011 he missed a trip from London to New York city where he was due to meet a major client along with the shareholders of PetroSaudi International.
Witnesses later validated that Mr. Justo was high up on cocaine and extremely intoxicated the evening prior to the trip. When he stopped working to turn up to the conference in New York, he was swiftly dismissed from his position.
It was later on verified via a forensic investigation that Mr. Justo took PetroSaudi International's data source as well as made the last download of the 90Gb data 24h after he was discharged over the phone. This is the date that the 1MBD detraction started.
Xavier Andre Justo's criminal activities and indulgent drug habit sparked the globe's largest economic rumor, lowered the Malaysian federal government, started criminal process in Switzerland, Singapore, the EU and also the USA and also set you back the Malaysian people billions of dollars.
It is time the full truth emerges on this tale.
With this thought in mind, I will certainly be publishing more write-ups over the coming days and also weeks concerning the 1MBD scandal as well as publishing 'never-seen-before' records that will certainly give my readers a clear understanding on exactly how a lower level employee, who had a regular drug and alcohol abuse problem, had the ability to ignite one of the most significant economic scandals in modern-day history.