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PetroSaudi executives get Swiss jail terms over USD 1.8 billion 1MDB fraud – Times of India

PetroSaudi executives get Swiss jail terms over USD 1.8 billion 1MDB fraud – Times of India

BELLINZONA: A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after finding them guilty over the embezzlement of USD 1.8 billion from the Malaysian sovereign wealth fund 1MDB.Tarek Obaid, the Swiss-Saudi chief executive of the oil exploration and production company, was sentenced to seven years in prison by the Federal Criminal...