1MDB scam: Seven-year prison sentence for Petrosaudi director
On Wednesday, the Swiss Federal Criminal Court sentenced the director of Petrosaudi to seven years' imprisonment. He and his deputy were accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB between 2009 and 2010.
The deputy was sentenced to six years’ imprisonment. The Office of the Attorney General of Switzerland (OAG) had requested a ten-year prison sentence for the director, a Swiss and Saudi national, and nine years for his deputy, a dual Swiss-British national.
These sentences are not final and may be appealed to the Appeal Court of the Federal Criminal Court.
+Get the most important news from Switzerland in your inbox
Adapted from French by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
More
Wealth is not all: how gentrification in Zurich has led to housing shortage
More
Switzerland jostles to attract mobile millionaires
More
How a top Swiss university is screening Chinese students
More
How Swiss festive bad boy Schmutzli cleaned up his act
More
Women’s rights: how authoritarian regimes use women’s bodies for power
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.