BELLINZONA, Switzerland — Switzerland's Federal Criminal Court was to deliver its verdict Wednesday in the case of two PetroSaudi executives accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB.
BELLINZONA, Switzerland — Switzerland's Federal Criminal Court was to deliver its verdict Wednesday in the case of two PetroSaudi executives accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB . Swiss state prosecutors sought hefty jail terms for the two men during their trial, which was heard by three judges in April at the court in the southern city of Bellinzona.
International investigationsThe multi-billion-dollar 1MDB financial scandal has led to criminal investigations around the world, including in the United States, Switzerland and Singapore.It is alleged that billions of dollars were pilfered from the 1Malaysia Development Berhad fund by a number of people and used to buy items ranging from artwork to a superyacht.In 2022, Najib was sentenced to 12 years in jail in Malaysia for offences linked to the misuse of public money.
Due In Swiss Trial Over $1.8B Malaysian 1MDB Fund 'Scam'
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