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Swiss court convicts executives accused over 1MDB scandal

CGTN

 , Updated 20:51, 28-Aug-2024

The Swiss Federal Criminal Court on Wednesday convicted two executives at an oil exploration company accused of embezzling over $1.8 billion 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.

Source(s): Reuters
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