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Al Jazeera
Al Jazeera
Politics

Swiss court convicts two executives for embezzling $1.8bn from 1MDB

Investigators say $4.5bn was syphoned away from 1MDB after it was established in 2009 [File: Joshua PaulAP Photo]

The Swiss Federal Criminal Court has convicted two executives from an oil exploration company for embezzling more than $1.8bn from Malaysia’s state investment fund 1MDB.

The verdict on Wednesday was the latest episode in the 1MDB scandal, a complex tale of international corruption that has engulfed a slew of financial institutions and individuals across the globe since allegations of wrongdoing first surfaced in 2015.

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