Lengthy Jail Terms Sought For Duo In Swiss Us 1 8bil 1mdb Fraud Case


 
PetroSaudi chief executive Tarek Obaid and director Patrick Mahony are accused of siphoning US$1.8 billion in 1MDB funds for precious stones, private jets, rented yachts and property in London and Geneva. (AFP pic)GENEVA: Lawyers for two men accused of embezzling US$1.8 billion from 1MDB began laying out their case today after Swiss state prosecutors sought hefty prison terms.
PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at Switzerland’s federal criminal court in the southern city of Bellinzona.
They are accused of involvement in a vast embezzlement orchestrated by fugitive financier Low Taek Jho, also known as Jho Low.
Prosecutor Alice de Chambrier yesterday called it the “scam of the century” and branded the defendants as “calculative, manipulative and obscenely greedy”, the Keystone-ATS news agency reported.
She sought a 10-year sentence for Obaid and a nine-year term for his right-hand man.
Prosecutors also requested the detention of the two due to the perceived risk of flight in the gap between the trial and the verdict.
Obaid is a Swiss-Saudi dual national, while Mahony is Swiss-British.
Obaid’s lawyer, Daniel Zappelli, highlighted the absence of former prime minister Najib Razak and Low, and said there were variations in the amounts that the defendants allegedly laundered, Keystone-ATS reported.
The multi-billion-dollar 1MDB financial scandal has led to criminal investigations around the world, including in the US, Switzerland and Singapore.
It is alleged that billions of dollars were pilfered from the fund by a number of people and used to buy items ranging from artwork to a superyacht.
In 2022, Najib was sentenced to 12 years in prison in Malaysia for offences linked to the misuse of public money. In February, his sentence was halved to six years.
The 1MDB scandal led to the fall of Najib’s government in 2018.
During the Swiss trial yesterday, the prosecution requested that assets sequestered by Switzerland be confiscated and returned to 1MDB.
Chambrier said Obaid and Mahony squandered their loot on precious stones, private jets, rented yachts and property in London and Geneva.
She accused them of “extraordinary criminal activity and tenacity” over 10 years between 2009 and 2019, if alleged acts of concealment are included.
The case, being heard by three judges, opened on April 2 and is scheduled to last until the end of the month though the verdict could take months. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/04/lengthy-jail-terms-sought-for-duo-in.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Man Gets 9 Years Jail For Parang Attack Robbery

Man Gets 9 Years Jail For Parang Attack Robbery

papar berkaitan - pada 25/4/2024 - jumlah : 146 hits
The Shah Alam sessions court also ordered P Suzendran to be given a total of four strokes of the rotan PETALING JAYA An unemployed man was sentenced to six years in prison and ordered to be given three strokes of the rotan by the sessions c...
Court Extends Remand For Klia Shooting Case Suspect By Five Days

Court Extends Remand For Klia Shooting Case Suspect By Five Days

papar berkaitan - pada 22/4/2024 - jumlah : 118 hits
The suspect in the shooting case at KLIA is seen being brought to the Magistrate s Court in Kota Baru April 22 2024 Bernama picKOTA BARU April 22 The remand period for the suspect in the shooting case at the Arrivals Hall Kuala Lumpur Inter...
Senior Citizen Lands In Jail For Stealing Sardines Nescafe

Senior Citizen Lands In Jail For Stealing Sardines Nescafe

papar berkaitan - pada 23/4/2024 - jumlah : 183 hits
Jamaluddin Yusof 64 was slapped with a one month prison sentence after admitting to stealing sardines mouthwash and coffee powder According to the charge sheet he stole 10 cans of sardines four bottles of mouthwash and two bottles of Nescaf...
Trio S Death Sentence For Murder Of 7 11 Worker Replaced With 33 Year Jail Term

Trio S Death Sentence For Murder Of 7 11 Worker Replaced With 33 Year Jail Term

papar berkaitan - pada 24/4/2024 - jumlah : 207 hits
The trio s case was brought up before the Federal Court sitting in Kota Kinabalu under the Revision of the Sentence of Death and Imprisonment for Natural Life Act 2023 PETALING JAYA The Federal Court sitting in Kota Kinabalu Sabah today com...
Situation Worsens For Myanmar Junta

Situation Worsens For Myanmar Junta

papar berkaitan - pada 11/4/2024 - jumlah : 183 hits
Myanmar state officials have charted airplanes to fly to Thailand with official documents and cash from Myanmar banks When officials documents and cash leaves the country by the planeloads the government is no more Recall in 2008 Thai PM Th...
Thomas Cup D Day For Zii Jia Tomorrow

Thomas Cup D Day For Zii Jia Tomorrow

papar berkaitan - pada 12/4/2024 - jumlah : 140 hits
Lee Zii Jia s camp Team LZJ is discussing his inclusion in the squad with BAM PETALING JAYA Badminton ace Lee Zii Jia will know tomorrow if he will be included in the national squad for the 2024 Thomas Cup finals in Chengdu China Akademi Ba...
Beyond Lactation Bites Unveiling Dates For Gestational Diabetes Management

Beyond Lactation Bites Unveiling Dates For Gestational Diabetes Management

papar berkaitan - pada 11/4/2024 - jumlah : 142 hits
To protect the mother and baby gestational diabetes is a short term form of diabetes that can be found during the pregnancy Even though sweets are often put on the back burner in the course of pregnancy finding healthy and satisfying snacks...
Global Heat Record Broken For 10th Consecutive Month

Global Heat Record Broken For 10th Consecutive Month

papar berkaitan - pada 11/4/2024 - jumlah : 129 hits
Year 2024 recorded the warmest March ever documented globally marking the 10th month in a row to be the hottest on record according to the European Union s Copernicus Climate Change Service reported Xinhua The average surface air temperatur...
Kelantan Mb Grateful For Rm58 6mil Wang Ihsan

Kelantan Mb Grateful For Rm58 6mil Wang Ihsan

papar berkaitan - pada 12/4/2024 - jumlah : 117 hits
Menteri besar Nassuruddin Daud said the federal government had been consistently prioritising the welfare of Kelantan despite it being governed by an opposition party PETALING JAYA The Kelantan government has thanked the federal government ...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Tanam Cili Dari Biji Benih Cili Di Dapur

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan

Sub Varian Sars Cov 2 Xec 4 November 2024 Africa Cdc

Kkr Aktifkan Bilik Gerakan Bencana Hadapi Monsun Timur Laut

Tan Sri Vincent Tan Dan U Mobile

Cinta Itu Indah Tetapi Duit Lebih Berkuasa