This is Farshid Ahvan who asked Yorgen Fenech to move €10 billion on behalf of his client from Deutsche Bank and Saudi Arabia to another location. Yorgen Fenech proposed Farshid move €10 billion to Banque Havilland and were supposed to meet in Monaco to effect the transfer. They never met because a couple of weeks later, Yorgen got arrested. As per the conversation on WhatsApp, the €10 billion also seems to have been divided into two parts, one part of it was at Deutsche Bank and the other was still in Saudi Arabia. They were also being aided by an accountant from Romania called Cristian Chelu.
We don’t know yet if Farshid was moving the money on behalf of several individuals or a group of companies – €10 billion is a lot of money and my impression is that there were many more people involved in this money transfer than we know yet.
Farshid is the executive director of a food conglomerate in Saudi Arabia called Modern Food Company.