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Oil Execs Get 13 Years For $1.8B 1MDB Fraud

Gunnar Larson

30 Aug 2024 30 Aug '24
11:54 a.m.

Oil Execs Get 13 Years For $1.8B 1MDB Fraud <https://www.law360.co.uk/financial-services-uk/articles/1874550?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-08-30&read_main=1&nlsidx=0&nlaidx=0> By Christopher Crosby Two former PetroSaudi executives have been sentenced at a Swiss court to a combined 13 years in prison for embezzling more than $1.8 billion from Malaysia's state-backed investment fund in what prosecutors said was one of the biggest frauds ever perpetrated. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1874550?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-08-30&read_more=1&nlsidx=0&nlaidx=0> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1874550?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-08-30&read_later=1&nlsidx=0&nlaidx=0>

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