Switzerland indicts Petrosaudi pair over US$1.8 billion 1MDB fraud
Spanning the globe and implicating some of Malaysia's highest ranking officials, the 1MDB scandal has been described by Singaporean prosecutors as the ‘largest ever money-laundering case’ investigated by the state. – EPA pic, April 26, 2023.
TWO PetroSaudi International Ltd officers were indicted in Switzerland over charges they helped to steal US$1.8 billion from 1MDB between 2009 and 2011, media reports said. The Swiss Attorney-General’s Office said the two had schemed with Malaysian financier Low Taek Jho to set up a joint venture for a fake project in Turkmenistan to defraud the Malaysian sovereign wealth fund.
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Report: Switzerland charges two ex-Petrosaudi staff with misappropriating US$1.8b from 1MDBKUALA LUMPUR, April 26 — Two former executives with Petrosaudi International Ltd (PSI) have been charged in a Swiss court with allegedly misappropriating at least US$1.8 billion...
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PetroSaudi duo charged in Switzerland over misappropriated 1MDB fundsThe PetroSaudi managers are accused of attempting to enrich themselves and others by embezzling US$1.8 billion.
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PetroSaudi duo charged in Switzerland over misappropriated 1MDB fundsThe PetroSaudi managers are accused of attempting to enrich themselves and others by embezzling US$1.8 billion.
Read more »
Report: Switzerland charges two ex-Petrosaudi staff with misappropriating US$1.8b from 1MDBKUALA LUMPUR, April 26 — Two former executives with Petrosaudi International Ltd (PSI) have been charged in a Swiss court with allegedly misappropriating at least US$1.8 billion...
Read more »