• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 1 hour Socialists want to exorcise the O&G demon by 2030
  • 4 hours Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 22 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 1 day Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 2 days Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 14 hours Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 6 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 5 hours Cheermongering about O&G in 2019
  • 2 days North Sea Rocks Could Store Months Of Renewable Energy
  • 55 mins UK, Stay in EU, Says Tusk
  • 19 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 2 days Oceans "Under Fire" Of Plastic Trash

Global Intelligence Report - 9th January 2019

Rig

Sources

- A friend of family of jailed McKinsey partner in Saudi Arabia
- 2 former business associates of Hani Khoja in Saudi Arabia
- High-level Turkish military sources

In recent days, news has been emerging about the October 2017 arrest of a former partner in McKinsey in Saudi Arabia, including reports that he is now being interrogated and tortured. The McKinsey partner in question is Hani Khoja, and our network of high-level sources on the ground in Riyadh say that he is being pressured right now to give false information on former Saudi economics minister Adel Fakieh. McKinsey fired Khoja while he was in jail and stopped paying his family as well. A Wall Street Journal story from a few weeks ago suggested that McKinsey was still paying the family; however, family members have told our sources that this is not true.

In addition, the government of MBS took 70% of Khoja’s net worth soon after his arrest in 2017. They simply removed it from his bank accounts without any procedure whatsoever.

The Khoja affair is a major black eye for McKinsey, and comes amid more scrutiny of the firm’s global dealings with totalitarian and undemocratic regimes. It is also a continuing highlight of MBS’ corrupt manner of dealing with businessmen in KSA.

Fakieh is an engineer and the former mayor of Jeddah, as well as former labor minister and former health minister. Most recently, he was minister of economy, until King Salman removed…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News