First published at Terror Finance Blog
by Ganesh Sahathevan
Richard Haythornthwaite, the chairman of Mastercard, has been implicated in the money
laundering scheme involving Prince Turki Al-Saud previously reported here. As reported,
that scheme has involved the apparent theft of billions of dollars from
the Malaysian sovereign fund,1 MDB Bhd.
laundering scheme involving Prince Turki Al-Saud previously reported here. As reported,
that scheme has involved the apparent theft of billions of dollars from
the Malaysian sovereign fund,1 MDB Bhd.
The investigate news site Sarawak Report in its latest edition of an ongoing investigation
into Turki's Petrosaudi has reported:
into Turki's Petrosaudi has reported:
If I knew I wouldn’t tell Sarawak Report
Given the mounds of evidence now apparent about the collusion of PetroSaudi in the
1MDB heist masterminded by Jho Low and this latest proof from Good Star’s own incorporation
records, Sarawak Report wrote last week to the company’s President, the prominent British
businessman Rick Haythornthwaite.
1MDB heist masterminded by Jho Low and this latest proof from Good Star’s own incorporation
records, Sarawak Report wrote last week to the company’s President, the prominent British
businessman Rick Haythornthwaite.
Haythornthwaite is also the Chairman of the UK energy giant Centrica. We asked if he knew of
PetroSaudi’s letter claiming that it owns Good Star and if he had authorised the company to make
such a claim?
PetroSaudi’s letter claiming that it owns Good Star and if he had authorised the company to make
such a claim?
In his response to Sarawak Report 's editor Clare Rewcastle-Brown Haythornthwaite said among
other things:
other things:
Dear Mrs Rewcastle
Having now done some research into your background, it is clear that you are an active
campaigning blogger rather than an objective journalist with a desire to understand the true
facts behind this matter.
That your email to me contains fundamental factual errors – not least suggesting
that I am, or have ever been, chairman of PetroSaudi International – reinforces my
concerns about your credibility.
campaigning blogger rather than an objective journalist with a desire to understand the true
facts behind this matter.
That your email to me contains fundamental factual errors – not least suggesting
that I am, or have ever been, chairman of PetroSaudi International – reinforces my
concerns about your credibility.
Therefore, even if I were to be in possession of information relevant to your query,
I would be unwilling to assist you in your questionable activities.
I would be unwilling to assist you in your questionable activities.
Haythornthwaite's apparent denial is interesting given this disclosure of his CV in the
Network Rail Infrastructure Limited 2012 Annual Report :
Network Rail Infrastructure Limited 2012 Annual Report :
Rick Haythornthwaite Chairman
Rick Haythornthwaite, 55, has been the Company’s Non-Executive Chairman since July 2009
having joined the Board in March 2009 as a Non-Executive Director. He was Chief Executive of
Invensys plc, from 2001 to 2005. He was also previously Group Chief Executive of Blue Circle
Industries and spent 18 years with BP in various senior roles. He is currently
Non-Executive Chairman of MasterCard Inc, a Senior Advisor to STAR Capital Partners and
President of PetroSaudi International (UK) Ltd. His previous non-executive roles
included Board membership of ICI, Land Securities and Lafarge. In the voluntary sector,
he is Chairman of the Southbank Centre and Chairman of the World Wide Web Foundation.
Rick will retire from the Board at the Company’s annual general meeting (AGM) on 19 July 2012.
Appointed 23 March 2009
having joined the Board in March 2009 as a Non-Executive Director. He was Chief Executive of
Invensys plc, from 2001 to 2005. He was also previously Group Chief Executive of Blue Circle
Industries and spent 18 years with BP in various senior roles. He is currently
Non-Executive Chairman of MasterCard Inc, a Senior Advisor to STAR Capital Partners and
President of PetroSaudi International (UK) Ltd. His previous non-executive roles
included Board membership of ICI, Land Securities and Lafarge. In the voluntary sector,
he is Chairman of the Southbank Centre and Chairman of the World Wide Web Foundation.
Rick will retire from the Board at the Company’s annual general meeting (AGM) on 19 July 2012.
Appointed 23 March 2009
While Haythornthwaite might get away with saying " even if I were to be in
possession of information relevant to your query, I would be unwilling to assist you
in your questionable activities" to Rewcastle-Brown's Sarawak Report, it is not a
position he can maintain with regards Mastercard, its shareholders, and the relevant
authorities, in the US, UK and other jurisdictions that are investigating the 1 MDB matter.
possession of information relevant to your query, I would be unwilling to assist you
in your questionable activities" to Rewcastle-Brown's Sarawak Report, it is not a
position he can maintain with regards Mastercard, its shareholders, and the relevant
authorities, in the US, UK and other jurisdictions that are investigating the 1 MDB matter.
END
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