“The King now knows its me …. so I have to go back and eat shit”!
The sensational PetroSaudi fraud trial, which has at times had the Swiss Federal Court sitting late into the night, finished neatly at the close of day on Friday. Summing up, the lawyers for the two defendants Tarek Obaid and Patrick…
Previously
PetroSaudi Prosecutors Demand A Decade In Jail For 1MDB JV Alleged Fraudsters!
After a fractious two and a half weeks in the Swiss Federal Court in Bellinzona the prosecutors who have alleged serious fraud and aggravated money laundering charges against the two PetroSaudi directors, Tarek Obaid and Patrick Mahony, have finished their…
Tarek’s Royal Trump Cards
The final day of questioning for the PetroSaudi defendant Tarek Obaid, charged in Switzerland with the theft of nearly two billion dollars from 1MDB, saw his lawyers once again name-dropping royal contacts. In their ongoing attempt to portray their client…
Tagged As A ‘Flight Risk’! – Obaid Is Slapped With Electronic Cuff
The PetroSaudi boss and alleged mega-fraudster, Tarek Obaid, spent last week arguing in the Swiss Court that he needs secrecy and protection from Saudi Arabia. However a court order released on Friday has undermined those claims, indicating his earlier actions…
Speak Out And I Am Dead! – The Drama Continues In The Swiss PetroSaudi Trial
It would appear that the alleged Saudi fraudster and money launderer, Tarek Obaid, was in fact some sort of Gulf version of 007: a secret agent acting on the direct instructions of the former King of Saudi Arabia. He cannot,…
Samling’s Blueprint Carbon Venture Raises Red Flags For Sarawak – SR INVESTIGATION
Samling’s pilot carbon credit project, sanctioned under new legislation by the state government, could make billions for the company but represents extremely poor value for the public say experts. The Marudi Forest Conservation and Restoration Project (MFCRP) under the timber giant’s…
Memory Eludes PetroSaudi Defendant Patrick Mahony As He Takes The Stand
In high finance you get used to big sums and myriad deals. This could be why during his first day in the dock the former PetroSaudi Chief Investment Officer, Patrick Mahony, apparently struggled to remember the purported $700 million loan…
Battle Rages In Swiss Court As PetroSaudi Directors Claim Endangerment and ‘Bias’!
The two indicted directors of the sham PetroSaudi oil company, charged with defrauding Malaysia’s 1MDB fund of USD 1.83 billion, turned up for the first day of their trial at the Swiss Federal Court in Bellinzona today…. but immediately challenged…
Swiss Prosecutors Reveal How PetroSaudi Bosses Filched Almost A BILLION DOLLARS From 1MDB As Trial Finally Opens
More than nine years after Sarawak Report first reported details of the initial $1.83bn theft from Malaysia’s 1MDB fund through a bogus joint venture with their sham group of oil companies, the two key collaborators behind PetroSaudi International have finally…
Malaysia’s Centre for Independent Journalism (CIJ) Issues Solidarity Statement For SR + Media Freedom
Malaysia’s Centre for Independent Journalism (CIJ) has issued a statement inviting others to join in expressing solidarity with the editor of this website over the two year jail sentence passed last month for purported ‘criminal defamation’. The sentence was issued…
