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Will the convicted PetroSaudi executives appeal their sentences by December 31, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Swiss Federal Criminal Court announcements and legal filings
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Swiss Court Convicts PetroSaudi Execs in $1.8 Billion 1MDB Fraud Case
Aug 28, 2024, 01:07 PM
A Swiss court has convicted two executives from PetroSaudi International for their involvement in embezzling $1.8 billion from Malaysia's 1MDB fund. The executives received sentences of seven and six years, respectively. This case is part of a broader international scandal involving financial fraud and money laundering. The Swiss Federal Criminal Court announced the verdict, highlighting the significant role these individuals played in the fraudulent scheme.
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