Home » international kleptocracy scandal

Tag: international kleptocracy scandal

Post
Swiss court convicts two executives over .8 billion 1MDB fraud

Swiss court convicts two executives over $1.8 billion 1MDB fraud

By John Revill Swiss court convicts two executives over $1.8 billion 1MDB fraud BELLINZONA, Switzerland -The Swiss Federal Criminal Court convicted on Wednesday two executives at an oil exploration company for embezzling more than $1.8 billion from Malaysia’s state investment fund 1MDB. Swiss-British national Patrick Mahony and Swiss-Saudi Tarek Obaid were also ordered to pay...