Bassam Mohammed Oueida

Bassam Mohammed Oueid with his family involved in Bribery and Money Laundering

Bassam Mohammed Oueida who portrays himself as an employee pf Saudi Inteltec, is the owner of the company and its many subsidiaries. He is Lebanese, however, have acquired at least 5 other African nationality. The company is backed by other family members including his wife, Soulaf Abdullah Al Malhouk, his brother, Othman Mohammed Ouieda, Othman’s wife, Rena Al Jasser and his mother in law, Essmat Adel Hajar who got her nationality with Saudi after marrying a Saudi figure who died but left her with all the power.

This entire group is involved in many illegal activities and have strong connection with the high-profile figures in Saudi. Bassam has access to sensitive data from government to semi government departments. There is no one in the country who can match up with his capabilities which gives him the strength to get above all and flourish his business as he likes it. His mother-in-law is also involved in this racket and enjoys great connections within the big Saudi figures.

Bassam started his business in 1995 with the financial support of his uncle and promised to give him 50% of the profit share. However, once the money started rolling in, he got into fight with him and declined paying any sort of sum.

His projects such as Inteltec and Allo Card was impossible without the help of his mother-in-law as they required a lot of approvals from the government and needed to cross a lot of red flags. Essmat Adel Hajar helped him through her connections at high stature. She contacted Khalid Al Milham and Saud Al Derwish who were responsible for the licences for Allo Cards and Bassam’s company became one among the five to receive the approval, despite being newly formed.

After getting on with this business, he started creating links with Africans. In Africa, STC was the legal service provider and Allo needed to be routed through the same. However, Bassam chose local service providers who were illegal and started routing it through his network. STC charged 10 Riyal for a minute which made it 200 Riyal for 20 minutes.

But, Allo started providing international calls for 20 minutes at 40 Riyal. There was no way this could have been stopped as the transactions were through cash and was stored at Bassam premise and was shifted to international accounts through money laundering. These funds were later used to pay the African associates and rest were left for Bassam. Once, the business grew, he sold it for 500 million.

Smart Phones created a challenge for prepaid card market and Bassam reaped the benefit of the same. He with Salam Card, made the most of it by merging with big companies leaving less scope for companies and only three players sustained the cheat, Zain, STC and Mobily.

Later, when the data storage and cloud services boomed, Bassam engrossed himself with the opportunity by utilizing his connection through his wife and in-laws. Essmat and Soulaf helped him in getting the contracts and in a very less time, his company was hosting data of big names. This was the entry to the new dirty game. He got insight into a lot of sensitive information and made wealth through it.

His private company holds data for MOD, Aramco including Royal families which is a great threat for the Saudi government and its operation. Apparently, Bassam has made fortune through his illegal moves and have established huge properties at Saudi as well as Lebanon.

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1 review on Bassam Mohammed Oueida

  1. Excellent info

    Excellent info,,,,I know him since my association with them

Approved Date:December 4, 2017
Reviews:1
Reported Loss :568888 $
Severity of Scam :Extremely High
Reported by : ruth87
Views :

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