Executives Convicted in $1.8 Billion 1MDB Scandal ...Middle East

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Executives Convicted in $1.8 Billion 1MDB Scandal
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The Swiss Federal Criminal Court on Wednesday convicted two executives from an oil exploration company for embezzling over $1.8 billion from Malaysia's state investment fund 1MDB. This marks the latest chapter in the ongoing 1MDB scandal, which has implicated numerous financial institutions and individuals worldwide since allegations emerged in 2015.

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