Swiss court convicts executives over US$1.81bil 1MDB scandal


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 globe since allegations of wrongdoing first surfaced in 2015.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Negri MB reflects on message of humility in Friday sermon
Pak Thiam Keong Temple marks a century of faith, harmony in Melaka
Anwar wishes M'sian athletes success at Aichi-Nagoya Asian Para Games
Queen attends royal operetta: 'Raja dan Rakyat Berpisah Tiada'
Melaka polls: Amanah allocated eight seats, says Mat Sabu
JB power outage: Electricity supply full restored at 7.45pm, says TNB
Melaka polls: PAS has list of potential candidates, says Hadi
Nine reports received over suspicious packages at Negri Sembilan schools, say cops
Fire at Kangkar Tebrau substation's main transmission intake may have caused JB power outage
Three-day operation puts out 1.4ha fire in Pasir Gudang

Others Also Read