A Swiss man jailed 3 years for oil firm blackmail, sentenced by Thai court on Monday after pleading guilty.
Xavier Andre Justo, 49, a former executive at the Geneva branch of oil and gas company PetroSaudi International Ltd, pleaded guilty, according to the court official and a Thai police officer involved in the case.
In 2011, Justo, a Swiss national, quit PetroSaudi International , allegedly possessing sensitive information of the company which he wanted to return in exchange for $2.5 million.
The issue has drawn the greatest controversy in Malaysia, because the documents that Xavier Justo leaked allegedly revealed links between a financial scandal and Malaysian Prime Minister Najib Razak.
Many Malaysian and overseas investigative reports this year have alleged that hundreds of millions of dollars in 1MDB money was missing from the PetroSaudi deals. 1MDB, Malaysia PM Najib and PetroSaudi has repeatedly rejected these accusations, according to reports, according to reports.
A Wall Street Journal investigative report last month had revealed that nearly US$700 million had been allegedly deposited into Najib’s personal accounts, reports said.
1Malaysia Development Berhad (1MDB) is an investment company launched in 2009 by Malaysian Prime Minister Najib Razak. It was reportedly involved in complex financial deals with PetroSaudi International in the same year.
PetroSaudi International is an oil and gas services and production company with offices in the United Kingdom, Saudi Arabia and Switzerland.
Justo was originally sentenced six-year in prison but it cut in half after he pleaded guilty Monday at a Bangkok court. On June 22, the arrest of Justo took place at the Thai resort island of Koh Samui, where he kept a residence.
“We have been the victims of a regrettable crime that has unfortunately been politicised in Malaysia,” said a PetroSaudi representative in June after the arrest of Justo. IMAGE from Royal Thai Police