Sarawakreport raised a number of questions about 1MDB and CEPSA in 2015 that remain unanswered: 1MDB's Aabar Connection - More Questions Over CEPSA’s Coastal Energy Buy Out With Jho Low
The CEPSA -Coastal Energy deal has been scrutinised and written about by this writer in a number of articles:
Larry Low's Petronas concession PM-316 can be seized under AMLA-Why has this not been done?
Khadem al-Qubaisi and the Good Star commission: Najib's role as PM, FM & chairman 1MDB in payment of illegal commissions to Khadem now a matter of public record
MACC needs to seize the Larry Low -Coastal Energy-CEPSA Petronas concession::Khadem al Qubaisi's 15 year jail sentence makes it easier
In addition Sarawakreport raised a number of questions about 1MDB and CEPSA in 2015 that remain unanswered.
In addition Sarawakreport raised a number of questions about 1MDB and CEPSA in 2015 that remain unanswered.
Against the backdrop of the above come these allegations from a whistleblower website dedicated to Royal Dutch Shell Plc, which if true add weight to this writer's contention that the quantum of the 1MDB theft is closer to USD 20 Billion. If true it raises the possibility that 1MDB funds were channelled via a China or Hong Kong entity to finance CEPSA's acquisition of Coastal Energy, and possibly the expansion of Coastal's business in Malaysia.
The Allegations:
Mega corruption allegations from an authenticated Shell whistleblower
As you know I claim that the Coastal-CEPSA deal involved many people in a massive bribery scheme to facilitate the transfer of the Shell oil concessions in the United Arab Emirates, into the hands of Chinese National Oil company CNOOC.
Mega corruption allegations from an authenticated Shell whistleblower
Hi John
There are important developments taking place in the 1MDB case that hopefully, little by little will bring the heat closer to Shell management.
(See WSJ article link)
For your information. Goldman raised $6.5 billion for 1MDB through three bond sales in 2012 and 2013. U.S. authorities allege that more than $4.5 billion went to fraudulent shell companies controlled by corrupt officials in Malaysia and Abu Dhabi. Goldman Sachs also advised on the deal to purchase Houston firm Coastal Energy on January 2014. Jho Low received a US$300 million kickback from Spanish oil company CEPSA one week after the deal was completed for brokering the deal.
As you know I claim that the Coastal-CEPSA deal involved many people in a massive bribery scheme to facilitate the transfer of the Shell oil concessions in the United Arab Emirates, into the hands of Chinese National Oil company CNOOC. The expiration of the UAE oil concessions took place simultaneously to the Coastal-CEPSA deal.
END
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