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

By Financial Post - 3 months ago
GENEVA (AP) — Switzerland’s federal criminal court on Wednesday convicted two top managers of a Saudi oil company on charges including fraud and money laundering in a vast scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund. PetroSaudi executive Tarek Obaid, a Saudi-Swiss dual national, received a seven-year sentence and British-Swiss […]

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