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International Business Times

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Trial Over $1.8 Bn Fraud At Malaysia's 1MDB Opens In Switzerland

1MDB Switzerland Malaysia Najib Razak

PetroSaudi executive Tarek Obaid arriving at the court in Bellinzona, Switzerland, on Tuesday (Credit: AFP)

Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multi-billion-dollar financial scandal.

Tarek Obaid and Patrick Mahony will plead not guilty, their lawyers have indicated.

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Mike Ditka cause of death: Hall of Fame Bears legend was days away from 87th birthday as health struggles resurface. Full statement of family revealed

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A woman allegedly posed as a substitute teacher in her old high school before telling the polices she ‘hates kids’

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'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

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Mike Ditka cause of death: Hall of Fame Bears legend was days away from 87th birthday as health struggles resurface. Full statement of family revealed

Mike Ditka cause of death: Hall of Fame Bears legend was days away from 87th birthday as health struggles resurface. Full statement of family revealed

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In effort to avoid the rain, NASCAR changes practice and qualifying schedule for Charlotte

In effort to avoid the rain, NASCAR changes practice and qualifying schedule for Charlotte

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A woman allegedly posed as a substitute teacher in her old high school before telling the polices she ‘hates kids’

A woman allegedly posed as a substitute teacher in her old high school before telling the polices she ‘hates kids’

A fake substitute teacher said she 'hates kids.'

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

Ottumwa erupts in controversy after a city council invocation ends with 'Hail Satan', prompting a pastor to demand a curse reversal as officials review the policy.

International Business Times UK

Trump establishes committee to investigate Fed governor Lisa Cook

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