Switzerland convicts 2 oil executives in 1MDB graft scandal
Information Switzerland’s Federal Criminal Court convicted two executives, Tarek Obaid and Patrick Mahony, for embezzling over $1.8 billion from Malaysia’s state investment fund, 1MDB. Obaid and Mahony, involved with the oil exploration company PetroSaudi, were sentenced to seven and six years in prison, respectively, and ordered to reimburse most of the embezzled funds. The court […]
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