Swiss court convicts 2 top PetroSaudi executives in fallout from 1MDB Malaysian fund scandal
- A Swiss court convicted two executives from PetroSaudi of fraud and money laundering, linked to the 1 Malaysia Development Berhad fund scandal involving at least $1.8 billion.
- Obaid received a seven-year sentence and must pay $2 billion plus interest, while Mahony received six years, for defrauding the sovereign wealth fund.
- The scheme involved Malaysian financier Low Taek Jho, who remains a fugitive, and the accused are accused of enriching themselves by over $800 million.
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Total News Sources0
Leaning Left6Leaning Right4Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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