A former Minister of Planning, Dr. Jawad Hashim, exposed (August, 2011) the true identity of the Canadian company that eventually led the Iraqi authorities to the revocation of the two fraudulent contracts.
And now it seems we have another company with a very questionable identity.
Dr. Muthana Kubba investigated the Satarem Company and posted his findings to Prime Minister Nuri Al-Maliki on 10 December 2013. Professor Kubba was the head of Department of Electrical Engineering at the College of Engineering, University of Baghdad. He left Iraq in 1978 and lives in Switzerland; in the same city, Zug, in which Satarem has its address.
The investigation by Dr. Kubba includes visit to the location of Satarem and collecting data on it from the official company registrar (providing also photos and copy of the registry). His main discovery and conclusion are summarised as follows:
- The company was established on 19 September 2008;
- Its capital was 100,000 Swiss-francs increased to 400,000 Swiss-francs in 23 January 2013;
- Those authorised to sign on behalf of Satarem are Mr Jerome Friler , who is in charge of the law firm, and Mr Adolf Wong a Chinese citizen;
- DR. Kubba concludes his letter to the Prime Minister by stressing that Satarem is a bogus company with no structure, has no experience in any activity in the field of oil or refining, and is incapable of executing a $6.5 billion refinery contract.
On the other hand, the Satarem website provides information on what it claims to have done in the area of energy; but its experience is limited to converting waste to energy, wind and wave power, and pollution prevention. Nothing relates to petroleum or refining is mentioned on its website!