MARKETS

Oil execs jailed for $2.65bn embezzlement

Ill-gotten gains spent on precious stones, private jets, rented yachts and property

Oil execs jailed for $2.65bn embezzlement

A Swiss court has sentenced two PetroSaudi executives to jail after finding them guilty of embezzling $2.65bn from Malaysia's 1MDB sovereign wealth fund. 48-year-old Tarek Obaid, the Swiss-Saudi PetroSaudi...

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