Swiss court convicts 2 top PetroSaudi executives in fallout from 1MDB Malaysian fund scandal

By AP NEWS | Aug 28, 2024 at 09:59 AM EST

Top managers of a Saudi oil company were convicted by Switzerland's federal criminal court for fraud and money laundering, stealing $1.8 billion from a Malaysian investment fund. They were sentenced to 6-7 years in prison and ordered to pay $2 billion to the fund.

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