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Posts from ‘August, 1998’

LETTER TO MARK MOODY STUART FROM RETIRED POLICE OFFICER, PAT BRADSHAW: 12 AUGUST 1998

LETTER TO MARK MOODY STUART FROM RETIRED POLICE OFFICER, PAT BRADSHAW: 12 AUGUST 1998

Mr Mark Moody-Stuart
Shell Centre
London SET 7NA

Dear Mr Moody-Stuart

Shell, Syon Hill and Shell, Roehampton

The reason for writing to you direct is to request your intervention in the above matter.

A summary of the circumstances is as follows:

Having successfully operated the site at Syon Hill for some years, I was telephoned by Mike Garrett (the area manager for City) late on a Friday afternoon in January 1995 and asked if I would take over the operation at Roehampton Lane for a short period until a replacement operator could be found. 1 was assured that this would be a temporary position. I asked for the weekend to think about this proposition and to discuss this with my wife but was told that an answer was necessary within two hours. Dealing with such a large company such as Shell, it did not cross my mind that anything could possibly be dishonest about their predicament.

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Brothers Grim: The Scandal In Brunei

BLOOMBERG

9 August 1998

International Business: BRUNEI

BROTHERS GRIM: THE SCANDAL IN BRUNEI

A sibling of the sultan vanishes–and so does $8 billion

It’s a fairy tale from the Asian crisis. Once upon a time, a fabulously wealthy Sultan watched his neighbors fall on hard times. So the rich man gladly offered to help them by dipping into his vast wealth. But when the Sultan reached into his coffers, much of his gold was gone. To his horror, so was his brother, the prince.

That’s the Brothers Grimm version of current events in Brunei, the tiny country nestled on the northern shore of Borneo. Thanks to the oil wealth of his kingdom, the Sultan of Brunei is a multibillionaire. But now one of his brothers, Prince Jefri, is suspected of absconding with billions of dollars from the treasury. The scandal runs the risk of destabilizing the local economy and wreaking more havoc on the already battered economies of Southeast Asia.GUESSWORK. In 1994, Jefri set up Amedeo, a company dedicated to developing Brunei’s infrastructure. Amedeo developed the country with a vengeance, building new hospitals, schools, cellular-phone networks, a polo field, beach bungalows, and more for the country’s 300,000 people. Then, say diplomats, royal accountants found evidence that some Amedeo managers had siphoned off $8 billion. Jefri may also have pledged billions of dollars in bonds held by the Brunei Investment Agency (BIA), which has invested heavily offshore, as collateral to back his personal loans from foreign banks. Senior officials of the government, BIA, and Amedeo decline to comment. But diplomats and bankers say the Sultan now claims it is not Brunei’s responsibility to pay the $10 billion that Amedeo owes to its suppliers and workers. Jefri, meanwhile, has vanished.

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Loyalty Magazine: “McShell” case continues

His company, sales promotion agency Don Marketing is claiming a first round victory against Shell UK in a libel case already being dubbed "McShell," because of its David and Goliath-style similarities to the "Mclibel" case.
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