Trial over $1.8b fraud at Malaysia’s 1MDB opens in Switzerland ...Middle East

BELLINZONA: 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 multibillion-dollar financial scandal.Tarek Obaid and Patrick Mahony will plead not guilty, their lawyers have indicated.They are accused by Swiss state prosecutors of involvement in a vast embezzlement operation orchestrated by Jho Low, an advisor to former Malaysian prime minister Najib Razak, with the complicity of the latter.The 1MDB scandal has led to criminal investigations around the world, including in the United States, Switzerland and Singapore.It is alleged that billions of dollars were pilfered fro

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