Redeploying the Middle East investors money: What does Wael Al-Mazeedi do with the dividends generated by Carthage Power Company as well as Taweelah Asia Power Company?

It doesn't go to the current or former Middle East investors:

from: Industrial and Financial Investment Co and ASEAN Investment Co complaint

Paragraph 2. "...he [Al-Mazeedi] also took approximately US$8 million dollars in payments from the buyer of the MPC shares (the "Multi-Million Dollar Payoff"), Standard Chartered Bank ("SCB"), through an Unnamed "Consulting" Company he owned separately with his wife, the defendant Mitsue Oishi ("Oishi")."

Paragraph 23. Upon information and belief, Al-Mazeedi implemented his scheme to benefit personally while taking out the investors on minimal terms.

Paragraph 26. "...Al-Mazeedi maintained that US$85 million of the US$86 million estimated price differential was consumed by expenses. However, no audited financial of the Fund were provided then or at any time to the Fund's Investors, including Plaintiffs."

from: Betancourt: Revised Second Affidavit

Paragraph 17. In addition to expressing concern about the shortfall in funding for the Abu Dhabi investment, some of the BPC shareholders complained that they had not received periodic or timely financial reports, nor had they received expected dividends from the profits generated by the investments.

It doesn't go to the 44% partner of Wael Al-Mazeedi and Mitsue Oishi

from: Abdulmohsen Hayat Affidavit

Paragraph 55. I have not received a dividend, accounting for the Company profits or any distribution whatsoever since in 2006 I was provided reports for fiscal year 2004.

Some of it (a lot, actually) goes towards expensive office furniture and first class travel for Wael Al-Mazeedi

from: Abdulmohsen Hayat Original Complaint

Paragraph 42. Even in its limited form, the 2004 compilation (received by Hayat in January 2006) reflected the office furniture and travel expenses of Al-Mazeedi to be $1,038,974.00 for the year 2004.

Observation
Looks like the ubiquitous saying "...the more things change the more they stay the same" is pretty much on target here.
 
About six months before Wael Al-Mazeedi put the finishing touches on the BTU Holdings Company voluntary liquidation filing (January 2011) he was busy putting the finishing touches on his "new digs" for his latest company.

BTU Ventures
1000 Winter St, Suite 400
Waltham, MA 02451-1436

Rebranded, Relocated and Resurfaced as:

QGEN
890 Winter St, Suite 310
Waltham, MA, 02451-1493

A previous post in this blog shows that Wael committed to pay about $500,000 in rent per year at this location. The same post shows that Wael paid about $300,000 in rent per year at the previous location.

Google Maps tell us that the new offices are about 0.6 miles from the old offices. It looks like, as a result of this move, Wael will be much closer to the highway and so he'll always be able to get to the airport on time and continue the jet-set life, "wheeling and dealing" all over the world.

[Note: We can only assume that Hayat, Qatar National Bank, Qatar Investment Authority, Dubai Islamic Bank, etc. would all agree that this is the best use of THEIR money.]

Most of it just goes to places that only Wael Al-Mazeedi and Mitsue Oishi know about

from: Abdulmohsen Hayat Original Complaint

Paragraph 45. For the years 2004 through 2008, Al-Mazeedi has intentionally concealed from Hayat the true financial picture of BTU Group, creating a highly secretive network of affiliates and subsidiaries around the world [QGEN anybody?] into which and among which Al-mazeedi has freely moved funds, made deals, and carried on business, all of which business had it genesis in the BTU Holdings Company and in the funding sourced by Hayat.

People who have somehow learned about Al-Mazeedi's "activities" and taken steps to do something about it end up being "gagged" by Al-Mazeedi and his cadre of lawyers

Paragraph 48. "Information supplied to Hayat explains that Al-Mazeedi acted to remove Hayat from the board of directors and instituted a baseless action against Hayat in the Cayman Islands to continue to hide his own wrongful actions from both Hayat and other debt and equity holders..."

from: Martin Betancourt's Amended Counterclaims and Third Party Claim

Introduction. "...In the course of his employment, Betancourt detected apparent criminal fraud by his employer, and as a whistleblower, shared documents evidencing such fraud to counsel for plaintiff investors suing his employer. As a result of his whistleblowing disclosures, Betancourt's employment was terminated and he was sued in this Court. 

Conclusion

None. However, we've recently come across these nice pictures of QGEN's office, abuzz with people and activity, all working with Wael in his continued, successful effort to save the planet from collapsing.

Enjoy the picture show.  Photos courtesy of the internet and Google search.

Wael Al-Mazeedi meeting with the managers of ALL the hybrid solar combined cycle plants owned by QGEN

Decorated birthday cake for QGEN being used as a table.

Everybody at QGEN hard at work on the next billion dollar investment

"Beam me up, Scotty"

In case you forget where you are... you can always get your bearing back by looking at the wall

"Try beaming me up again , Scotty.  And get it right this time!  I need to be in Krypton ASAP.  Love - WAM"