and i could feel it was going to be bigger than. than what it was. petro saudi is a company at the heart of malaysia's stolen billion in two thousand and nine it entered into a one point eight billion dollars joint venture with one aim to be. the deal was struck on a make a yacht in the mediterranean on board the now fugitive malaysian financier an alleged mastermind jolo who then prime minister najib resigned and his wife. and the hosts petro saudi cofounders prince turki a son of the late king of saudi arabia and to record by at the time to record buried was one of saving is best friends february two thousand. contacted me a couple of times. office because they signed a deal with the malaysian money and they needed directly the guy that you could trust. to run to run the company. xavi went to work with a record by eight and another director patrick mahoney but seven months into the job he says things started to sour it said that if you receive a lot of money you become crazy that's a fact i sold up direct started buying a flat after you bought. renting your in the south of france

consultant employed by petro saudi who seemingly had influence over tile farty. i couldn't speak to no one could give me from you even where he worth. thousands of kilometers away in switzerland nor a turn to clear a counsel brown for hope. we sat down and i you know and together i wrote the real story against what was being poured out against him in in malaysia and we published that. but then came a phone call for laura from the so-called poor scotch he was with xavier calling from the prison in thailand to tell her scotland yard was on the case laura told me yes they're the same all the savio nice to do is to cooperate with the strategy of the scotland yard detectives mick to a little crime receive a slap on the wrist at this point i'm beginning to think why is the scotland yard detective asking survey to mit to something and nor someone i don't know but we have to put our trust in them in the hands because so obvious telling me i have to cooperate in prison in bangkok zevi a was co-op. arranging meeting the so called paul's guard and patrick mahoney regularly xavier says paul dictat

already and i could feel it was going to be bigger than. than what it was. petro saudi is a company at the heart of malaysia's stolen billion in two thousand and nine it entered into a one point eight billion dollars joint venture with one aim to be. the deal was struck on a make a yacht in the mediterranean on board the now fugitive malaysian financier an alleged mastermind jolo who then prime minister najib resigned and his wife. and the hosts petro saudi cofounders prince turki a son of the late king of saudi arabia and to record by at the time to record buried was one of saving is best friends february two thousand. contacted me a couple of times. office because they signed a deal with the malaysian. money and they needed directly the guy that you could trust. to run to run the company. xavi went to work with a record by eight and another director patrick mahoney but seven months into the job he says things started to sour it said that if you receive a lot of money you become crazy that's a fact i sold up direct started buying a flat after you bought. renting your in the south o

. petro saudi is a company at the heart of malaysia's stolen billion in two thousand and nine it entered into a one point eight billion dollars joint venture with one aim to be. the deal was struck on a make a yacht in the mediterranean on board the now fugitive malaysian financier an alleged mastermind jolo who then prime minister najib resigned and his wife. and the hosts petro saudi cofounders prince turki a son of the late king of saudi arabia and to record by at the time to record buried was one of savy is best friends february two thousand. contacted me a couple of times. office because they signed a deal with the malaysian money and they needed me the guy that you could trust. to run to run the company. xavi went to work with a record by eight and another director patrick mahoney but seven months into the job he says things started to sour it said that if you receive a lot of money you become crazy that's a fact i saw that direct started with buying a flat after you bought. renting your in the south of france it's probably are familiar euro's weak everything becomes like extravaga

later xavier was jailed in thailand on a charge of attempted blackmail against petro saudi it was a terrible shock and there were some very very terrifying pictures i mean he's surrounded by heavily armed guards he was in handcuffs he was being he was being paraded for the malaysian media so therefore you could see that there was conspiracy here at the highest levels. back in malaysia then prime minister najib resign was facing a leadership crisis as he tried to explain one m. degrees mind boggling fifteen billion dollar debt. xavi is a wrist was the start of a relentless campaign to discredit the former insider petrocelli announced it was a victim of a crime by an unscrupulous ex employee and hired a dart a security expert who then discredited castle brown t. stated to the world media that i had forged the data and that i had doctored it and that there was you know that i was lying and it was. that these things were being said so i knew something incredibly awkward was going on at a very high level and clearly hugely funded. and things would become even more or just designed a vide

months later xavier was jailed in thailand on a charge of attempted blackmail against petro saudi it was a terrible shock and there were some very very terrifying pictures i mean he's surrounded by heavily armed guards he was in handcuffs he was being he was being paraded for the malaysian media so therefore you could see that there was conspiracy here at the highest levels. back in malaysia then prime minister knowledge of reserve was facing a leadership crisis as he tried to explain one in degrees mind boggling fifteen billion dollar debt. xavi is a wrist was the start of a relentless campaign to discredit the former insider petrocelli announced it was a victim of a crime by an unscrupulous ex employee and hired a dart a security expert who then discredited castle brown he stated to the world media that i had forged the data and that i had doctored it and that there was you know that i was lying and it was great that these things were being said so i knew something incredibly was going on at a very high level and clearly hugely funded. and things would become even more or just designed

going on they've also got petro chemical and oil refineries in saudi arabia so the company is worth more than what they dig out of the ground and sell them but does that get us to two trillion dollars the answer also depends on what the price of oil is at the time of the i.p.o. and when they announced the i.p.o. we were in the midst of a very period of very low well prices so you can see i would be very hard to reach a two trillion dollars valuation in say two thousand and seventeen when the price of oil was you know fifty or fifty five dollars a barrel. it's an indirect devaluation of the saudi economy which is reliant on a whim cup so it's not just a company with a proposed two trillion dollar price tag. there's a major problem with valuing the company. what is it that's being offered some slice of the overall company i guess but no direct ownership of any part of it how much are the reserves after all are they understated or overstated what level of efficiency does saudi aramco have in comparison with other oil companies. where is the future market. mohamed been so months vision

going on they've also got petro chemical and oil refineries in saudi arabia so the company is worth more than what they dig out of the ground and sell them. but does that get us to two trillion dollars the answer also depends on what the price of oil is at the time of the i.p.o. and when they announced the i.p.o. we were in the midst of a very period of very low well prices so you can see i would be very hard to reach a two trillion dollars valuation in say two thousand and seventeen when the price of oil was you know fifty or fifty five dollars a barrel. it's an indirect devaluation of the saudi economy which is reliant on a whim cup. so it's not just a company with a proposed two trillion dollar price tag there's a major problem with valuing the company. what is it that's being offered some slice of the overall company i guess but no direct ownership of any part of it how much are the reserves after all are they understated or overstated what level of efficiency does saudi aramco have in comparison with other oil companies. where is the future market. mohamed been so months vision

have a lot of research and development things going on they've also got petro chemical and oil refineries in saudi arabia so the company is worth more than what they dig out of the ground and sell but does that get us to two trillion dollars the answer also depends on what the price of oil is at the time of the i.p.o. and when they announced the i.p.o. we were in the midst of a very period of very low well prices so you can see i would be very hard to reach a two trillion dollars valuation in say two thousand and seventeen when the price of oil was you know fifty or fifty five dollars a barrel. it's an indirect devaluation of the saudi economy which is reliant on a whim code. so it's not just a company with a proposed two trillion dollar price tag. there's a major problem with valuing the company. what is it that's being offered some slice of the overall company i guess but no direct ownership of any part of it how much are the reserves after all are they understated or overstated what level of efficiency does saudi aramco have in comparison with other oil companies. where is t

things going on they've also got petro chemical and oil refineries in saudi arabia so the company is worth more than what they dig out of the ground and sell but does that get us to two trillion dollars the answer also depends on what the price of oil is at the time of the i.p.o. and when they announced the i.p.o. we were in the midst of a very period of very low well prices so you can see i would be very hard to reach a two trillion dollars valuation in say two thousand and seventeen when the price of oil was you know fifty or fifty five dollars a barrel. it's an indirect devaluation of the saudi economy which is reliant on a whim code. so it's not just a company with a proposed two trillion dollar price tag. there's a major problem with valuing the company. what is it that's being offered some slice of the overall company. but no direct ownership of any part of it how much are the reserves after all are they understated or overstated what level of efficiency does saudi aramco have in comparison with other oil companies. where is the future market. mohamed been so months vision was

and here's here's here's basically the lay of the land saudi arabia forty four percent of saudi arabia's electricity generation right now comes from oil and that's both horrible for the environment and bad for the country economically that much rather sell that oil or turn it into petro chemicals or some other profitable substance basically any toil that they burn for electricity is basically wasted now this is a country that cannot use hydroelectric power which is very very beneficial for baseload electricity generation and so the only non hydrocarbon electricity source of electricity that they can really turn to at this point is nuclear so it's extremely beneficial and these see it is as basically an imperative to build nuclear power plants and that is not just saudi arabia it's other places in the gulf as well of course and so if you look at it from a purely economic point of view is the white house looking at this in terms of the the money can make the investment it can have the say it could have in terms of nuclear plant construction within saudi arabia because if it doesn'

exclusions we say that some petro petro boats small boats lightly armed and weapon built in germany can be delivered again to saudi arabia because they are not able to be a player all in that yemen conflict and from my point a few we should think about to come back to is that strict but in this case open and regulatory that we agreed on in the coalition in march last year. just a few days ago you criticized the grand coalition partners the social democrats for what you called a restraint of stance on arms export policy is do you stand by that or you know are you are you rethinking it now that you've been confronted with this information. we have the most tricked export regime on weapons all over europe but we need to keep involved in despair we want to have the best equipment for the despair and we cannot deliver it and produce and develop that by us own because the numbers of two it's we need to if you therefore we need to. in a moment industry and our partners for example like france expect that we agree on how we handle potentially export demand on those goods in case that we we develop that together we build that too

here's here's here's basically the lay of the land saudi arabia forty four percent of saudi arabia's electricity generation right now comes from oil and that's both horrible for the environment and bad for the country economically it much rather sell that oil or turn it into petro chemicals or some other profitable substance basically any toil that they burn for electricity is basically wasted now this is a country that cannot use hydroelectric power which is very very beneficial for baseload electricity generation and so the only non hydrocarbon electricity source of electricity that they can really turn to at this point is nuclear so it's extremely beneficial and these see it as as basically an imperative to build nuclear power plants and that's not just saudi arabia it's other places in the gulf as well. a veteran new york times correspondent has been denied entry into egypt david kirkpatrick was detained without explanation of the arrived at cairo airport on monday the former cairo bureau chief was then scored on to a flight back to london the following day the new york times say