Petronas

Saudi Arabia: Swiss court sentences PetroSaudi executives


Issue 1191 - 04 Sep 2024 | 2 minute read

Two former managers of PetroSaudi International – set up by Prince Turki Bin Abdullah in the early 2000s – were convicted of fraud and money laundering for their part in a $1.8bn scheme to extract funds from sovereign wealth fund 1Malaysia Development Berhad (1MDB).

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