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Swiss prosecutors

Malaysia’s 1MDB sues PetroSaudi executive, seeking US$1.83 billion

by Walter Watson
Malaysia’s 1MDB sues PetroSaudi executive, seeking US.83 billion

Troubled Malaysian state fund 1MDB has sued Petrosaudi International Ltd.’s executive Patrick Mahony for US$1.83 billion over a 2009 joint venture with the oil exploration firm. 1MDB, in its statement …

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Malaysia 1MDB scandal: Switzerland begins fraud trial of Saudi oil executives linked to sovereign wealth fund

by Walter Watson
Malaysia 1MDB scandal: Switzerland begins fraud trial of Saudi oil executives linked to sovereign wealth fund

Two managers of a Saudi oil exploration company went on trial in Switzerland on Tuesday for alleged fraud and money laundering over a scandal years ago linked to a Malaysian …

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