KUALA LUMPUR: It was an informal afternoon tea onboard a yacht, not a meeting to plot siphoning billions from 1Malaysia Development Bhd (1MDB), the High Court heard. Datuk Seri Najib Razak, on the stand, shared details of his private family vacation in Southern France in 2009, where he and his family were invited for high tea...
BELLINZONA (Reuters): The Swiss Federal Criminal Court on Wednesday convicted two executives at an oil exploration company accused of embezzling over US$1.8bil from Malaysia's state investment fund 1MDB. The verdict was the latest episode in the 1MDB scandal, a complex tale of international corruption that has buffeted a slew of financial institutions and individuals across the...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
