Geneva | Switzerland’s federal criminal court on Wednesday (Thursday AEST) convicted two top managers of a Saudi oil company on charges including fraud and money laundering in a vast scam that swiped at least $US1.8 billion ($2.6 billion) from a Malaysian state-owned investment fund.
PetroSaudi executive Tarek Obaid, a Saudi-Swiss dual national, received a seven-year sentence and British-Swiss associate Patrick Mahony was handed a six-year sentence from the Federal Criminal Court in southern Bellinzona, officials said.
