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MI5 put me out of business; Internet tycoon with GBP 1m debts blames spies as he denies fleeing his creditors
FIRST AND FOREMOST JOE DE SARAM WAS NOT LIABLE FOR THE GBP 1 MILLION OF RHODIUM PLC’S DEBTS.
A COMPUTER tycoon whose firm collapsed with debts of almost GBP 1million yesterday denied that he had fled to Sri Lanka to escape his creditors.
THE UK PART OF THE FIRM MAY HAVE COLLAPSED BUT JOE DE SARAM HAD NOT ‘FLED TO SRI LANKA TO ESCAPE HIS CREDITORS’. AS IT HAPPENED JOE DE SARAM DID NOT EVEN HAVE A SRI LANKAN PASSPORT AND WAS NOT A SRI LANKAN CITIZEN AT THE TIME. HE WAS THERE FOR A WELL-PUBLICISED FLOTATION.
Instead, Joe de Saram told an extraordinary story of persecution by British Government ‘spies’.
Sitting in a secluded Colombo garden, the 27-year-old claimed the secret agencies are determined to put him out of business because he has developed encryption technology which could stop them monitoring emails.
THAT IS EXACTLY WHAT HAPPENED – THE ACT WAS CALLED THE REGULATION OF INVESTIGATORY POWERS ACT 2000. IT BECAME LAW ON 26 JULY 2000.
He spoke of helicopter surveillance over his home, being followed in the street by shadowy figures and cars with number plates that could be traced back to the Government and people ‘talking into their sleeves’ while watching him in restaurants. Mr de Saram’s Sheffield-based company, Rhodium, which specialised in protecting businesses from hackers, ran into ‘mysterious’ financial problems which led last week to a judge in Leeds winding it up.
THAT IS QUITE CORRECT – THERE WERE IMSI CATCHERS OR THEIR EQUIVALENTS AND JOE DE SARAM CORRECTLY IDENTIFIED THEIR PRESENCE AND OF COURSE THE VEHICLES IN WHICH THEY WERE MOUNTED IN. AS SUCH WHEN THERE WAS CELLULAR JAMMING HE COULD LOOK AND SEE WHICH VEHICLES WERE IN THE VICINITY.
Talking for the first time about the affair, Mr de Saram insisted he has more than enough money to pay everyone back. His GBP 20,000 Rolex flashed in the sun as he claimed to be worth ‘about GBP 4.5billion, give or take a million or two.’ He could settle virtually all his bills with his prestigious black American Express card, he said. ‘I will be more than happy to deposit GBP 1million, GBP 2million, GBP 3million, whatever, in a New York attorney’s client account as a gesture of goodwill to show I intend to pay everyone. I will not do this, however, until I have got some answers from the British Government.’
JOE DE SARAM OFFERING TO PAY PEOPLE WAS MERELY AN EX-GRATIA PAYMENT WITHOUT LIABILITY, BECAUSE HE WAS GOING TO BE WORKING ON A NEW PROJECT WHICH WOULD HAVE EASILY COVERED A SMALL FIGURE SUCH AS GBP 1 MILLION. ALSO IT WOULD HAVE GIVEN HIM TIME TO DELIVER THE DELIVERABLES TO THE CLIENTS WHO WOULD THEN RELEASE THE FUNDS. ALL THE UK GOVERNMENT DID WAS DENY EVERYTHING AND PROPAGATE ARTICLES VIA ITS JOURNALISTS TO MAKE JOE DE SARAM LOOK LIKE A FOOL OR A ‘WALTER MITTY’ CHARACTER. THE SAME THING IS HAPPENING IN SRI LANKA PRESENTLY!
Even by the standards of high-tech tycoons, the rise of Sri Lankan-born Mr de Saram was rapid. The only son of medical parents, who moved to the UK when he was a baby, he was educated at public school before going to medical college.
Medicine was not challenging enough, however, and he went into computers instead, working on programmes for banks and other financial institutions. He started Rhodium with GBP 2,500 borrowed from friends and paid them all back within a week.
RHODIUM WAS NOT STARTED WITH GBP 2500, BUT GBP 2500 WAS USED AS SEED CAPITAL IN THE EARLY STAGES.
He won contracts with corporate giants such as Rank Xerox, Vodafone and American Express.
Within five years he had amassed a GBP 25million fortune and a lifestyle to match, putting him on a top 20 list of Britain’s richest under 30. He shared 18th place with David and Victoria Beckham and the boxer Naseem Hamed.
Yesterday he claimed his expertise had made him ‘a thorn in Big Brother’s eye’.
He said: ‘What I’ve developed will protect everyone’s personal emails.
YES AN APPLICATION USING 448BIT BLOWFISH AS THE SYMMETRIC ENCRYPTION ALGORITHM.
‘Can you imagine what this means to a Government which has just introduced legislation known as the Regulation of Investigatory Powers Act with the intention of ordering anyone and everyone to reveal their email password whenever asked?
YES IT MEANS THAT EVEN WITH LEGISLATION FACILITATING THE INTERCEPTION OF COMMUNICATIONS, THE DATA WILL STILL REMAIN ENCRYPTED EVEN WITH BRUTE-FORCE ATTACKS. AS SUCH WHILST A FLAWED COURT ORDER COMPEL DATA TO BE DECRYPTED, ACTUALLY RECOVERING THE DATA WOULD BE COMPUTATIONALLY INFEASIBLE.
‘But it goes further than that. We know MI5 is building a multimillion pound facility to monitor all email sent and received in Britain. With my technology they won’t be able to read anything.
YES EDWARD SNOWDEN CONFIRMED THIS IN JUNE 2013 BUT INTERESTING HOW JOE DE SARAM KNEW THIS IN 2000. HOW DID JOE DE SARAM REALLY KNOW? THE ANSWER IS BECAUSE HE KNEW PEOPLE IN GCHQ / MI5 / MOSSAD / CITY OF LONDON POLICE / NCIS / NSA – THERE WAS AN FBI PROJECT CALLED MAGIC LANTERN THAT JOE DE SARAM ENDED UP GETTING INVOLVED WITH J.
‘They are frightened of me, particularly as I am young, I am Asian and my mind is ahead of their own young people in this field.
THEY WOULD BE FIGHTENED BECAUSE IF JOE DE SARAM KNOWS WHAT IS GOING ON AND IS TECHNICAL ENOUGH TO DESIGN AN ANTEDOTE, THEN IT IS A MUCH WORSE SITUATION FOR AN ADVERSARY. EDWARD SNOWDEN WAS MERELY AN ANALYST. JOE DE SARAM IS AN ARCHITECT.
‘It gets up the noses of a Government that thinks of Tamil Tigers or illegal immigrants whenever they hear the words Sri Lankan. I am British to the bone but the only place I can now find support is back here.’ Mr de Saram says he is in Sri Lanka working on a supercomputer project with the science fiction writer Sir Arthur C Clarke, whose 2001 A Space Odyssey had a supercomputer called HAL in a major role.
DESPITE BEING A BRITISH CITIZEN THERE WAS ZERO SUPPORT AND JOE DE SARAM REFERENCES ‘TAMIL TIGERS’ HERE – JOE DE SARAM DID NOT SAY THAT HE WAS FLEEING THE UK BECAUSE OF TAMIL TIGERS. JOE DE SARAM IS ‘BRITISH TO THE BONE’ BUT WANTED TO PROCEED WITH THE COMMERCIAL PROJECTS INVOLVING RHODIUM PLC IN SRI LANKA BECAUSE OF REDUCED-COST LABOUR.
Last night Sir Arthur said he believes his associate’s story of Government persecution but said their business relationship would have to be ‘put on hold’ until the problems in Britain were resolved.
THIS HAPPENED TO ARTHUR C CLARKE WHEN A SMEAR CAMPAIGN BY JOURNALISTS AGAINST HIM ROBBED HIM OF AN MBE THAT WAS DESTINED FOR HIM.
Mr de Saram said there was nothing suspicious in the apparent speed with which he left the UK.
THE QUESTION WAS NOT FRAMED PROPERLY TO JOE DE SARAM. JOE DE SARAM EXPLAINED THAT HE HAD GONE TO SRI LANKA IN JUNE 2000, RETURNED TO THE UK IN AUGUST 2000 TO SEEK TAX ADVICE IN RELATION TO CAPITAL GAINS AND THEN RETURNED TO SRI LANKA. THE QUESTION JOE DE SARAM WAS ANSWERING WAS ‘HAD YOU HAD PLANNED TO GO TO SRI LANKA FOR A LONG PERIOD AND WAS IT A WELL-PREPARED TRIP’ THE ANSWER WAS NO.
‘I never plan my trips much. I just buy a ticket and get on a plane. I am always coming here for the Clarke project.
BAD ENGLISH BUT JOE DE SARAM WANTED TO PUSH FORWARD WITH HIS PLANS FOR RHODIUM PLC’S EXPANSION AND A GREATER AMOUNT OF INTELLGENT SRI LANKAN WORKERS TO WHICH THE OUTSOURCING COULD BE DONE.
‘But everything came down on me at once.
JOE DE SARAM NEVER SAID THAT – THAT IS JUST NOT JOE DE SARAM’S PERSONALITY TYPE. HE IS SOMEONE WHO TAKES THE BULL BY THE HORNS, AND IS NOT AFRAID TO RIP THEM OFF THE BULL’S HEAD IF NECESSARY.
Rhodium was trading quite happily and the next thing the bank started doing some very strange things with our cheques.
THAT IS TRUE – HSBC DELIBERATELY LOST CHEQUES AND FIRST TOLD JOE DE SARAM THAT HE DID NOT NEED TO TRANSFER FUNDS FROM ANOTHER ACCOUNT TO CLEAR THE TEMPORARY EXCESS ON THE ACCOUNT, AND THEN RENEGED ON THAT AGREEMENT. HSBC JUST PLAYED JOE DE SARAM JUST HOW THEY [MIDLAND] PLAYED SIR FREDDIE LAKER (AS LADY JACKIE CONFIRMED TO JOE DE SARAM WHEN HE WAS THE BAHAMAS IN 2010 AND LOOKING TO BUY HER HOUSE IN FREEPORT)
Certain cheques were lost or allegedly misplaced and as a result creditors were not paid.
THE CHEQUES WERE PRESIGNED, DESIGNED BY DE LA RUE – GIVEN THE FACT THAT JOE DE SARAM WAS IN SRI LANKA FROM JUNE 2000 ONWARDS IT WOULD HAVE BEEN THE PARTIES IN THE UK THAT CAUSED THE MESS BY SENDING UNAUTHORISED CHEQUES TO THIRD PARTIES FOR PAYMENT.
‘This was obviously causing great disruption to our trading and the next thing I found was that cheques were being bounced, even though we had agreed protocols with the bank.
RICHARD KNIGHT AND SOME ASSISTANT WERE RESPONSIBLE FOR CREATING THE MESS, TOGETHER WITH BARNEY MARKHAM’S NICK LEESON-TYPE BEHAVIOUR IN WHICH HE WAS JUST A ROGUE TRADER WITHOUT OVERSIGHT.
‘The Government sees me as a threat and they have launched a campaign to bring me to my knees.
THAT’S ENTIRELY TRUE – IT IS THE EASIEST AND CHEAPEST WAY
‘Unfortunately, people who don’t understand are saying, “He’s done a runner and he’s not coming back to face his responsibilities.” But I’ll be back and under my own free will.
QUITE CORRECT – IN FACT JOE DE SARAM IS CONSIDERING A RETURN BUT THERESA MAY’S LATEST REINCARNATION OF THE REGULATION OF INVESTIGATORY POWERS ACT 200, THE INVESTIGATORY POWERS BILL IS YET ANOTHER RIP OFF!
‘I have worked very, very hard to accomplish my position in Britain as one of the youngest and most successful businessmen.
JOE DE SARAM IS INTELLIGENT AND HARDWORKING AND THE TECHNOLOGY HE HAD DESIGNED WAS LIGHT-YEARS AHEAD OF THE COMPETITION. JOSEPH DE SARAM WILL CONTINUE HIS MAGNUM OPUS HTTP://WWW.KRYPTODYNE.COM WHEN THE TIME IS RIGHT.
‘I am not going to let anyone snatch it away from me on the basis and I truly believe this is the case that I am seen as an Asian who shouldn’t be allowed to get to these heights.’ Mr de Saram said he had nothing to hide and pointed out that there is an extradition treaty between Sri Lanka and Britain.
CORRECT – JOE DE SARAM HAS VISITED AND/OR RESIDED IN OVER 40 COUNTRIES AND TRAVELS ON HIS UK PASSPORT – AS SUCH IF THERE WAS AN ISSUE THEN ACTION COULD HAVE BEEN TAKEN.
He said his assets in Britain still include his GBP 100,000 Ferrari a rare blue model because ‘red is so common, the colour of a double decker bus’ and a house in West London.
A FUNNY COMMENT BUT AS IT THEN ENDED UP JOE DE SARAM SETTLED THE GBP 500,000 OVERDRAFT OF RHODIUM PLC (WHICH HE HAD PERSONALLY GUARANTEED) BY SELLING HIS OWN ASSETS. JOE DE SARAM WAS NEVER MADE BANKRUPT.
Then Mr de Saram issued a challenge. He said: ‘Now I’ve given my explanation, I’d like the Government to give me some answers. They know where to find me.’
THE CHALLENGE STILL STANDS, AND IT IS GOOD THAT THERE SEEMS TO BE RENEWED INTEREST FROM PARTIES WHO ARE HANDLING STOLEN AND FABRICATED EVIDENCE, COMPLETELY DEVOID OF A CHAIN OF CUSTODY, WHICH HAS MAGICALLY MATERIALISED AFTER A CASE AGAINST MARGARET CUNNIFFE AND DAVID BROWN IN AUSTRALIA, IN WHICH THEIR PERJURY WAS THE PREDOMINANT THEME.
TRY NOT TO FORGET ABOUT THE FRUIT OF THE POISON TREE AND REMEMBER TO CAPTURE ALL THE FINGERPRINTS ON THE MATERIALS YOU HAVE FOR ANALYSIS – IT WILL BE VERY INTERESTING I AM SURE.
Yahoo Answers – Answers Yahoo Question is JSRDS Dead or Alive
Show More Info – Show Me More Info on Joe de Saram
Wired – What Are You Doing, Arthur ?
Computer Weekly – Credit Confusion Surrounds a Trade Reference
The Register – Software Tycoon ‘flees Tamil Tigers’
Forbes – Stranger than Science Fiction
The Guardian – Founder Joe de Saram Absent as Rhodium Folds