Did Petrosaudi swindle 1MDB and steal our money?
PetroSaudi is not a state-owned company. It is a privately owned company run by a gang of con-men. And Malaysia was its first victim.
Jebat Must Die
We are curious as to why Wall Street Journal had labeled Petrosaudi as an obscure company in their latest article which was published yesterday.
And we checked Petrosaudi’s website just to ensure why.
And what we found is rather perplexing. Indeed PetroSaudi was established in 2005, but it is merely a privately owned company specialising in oil exploration and production. We have always thought that PetroSaudi is a government linked company of Saudi Arabia, or an investment arm of Saudi Arabia.
PetroSaudi was founded in 2005 by Tarek Essam Ahmad Obaid and private investors. PetroSaudi International is a privately owned oil exploration and production company, with its main offices in the United Kingdom, Saudi Arabia and Switzerland.
If indeed it is a huge company with tremendous track record, its website doesn’t say much about it. There’s not even any investor relations section which could give information mostly available in big corporations’ websites.
No information on Board of Directors, top management and surprisingly, they do not seem to have any track record prior to 2009.
