Yachts
Jail terms sought for accused in US$1.8 billion 1MDB fund fraud
PetroSaudi chief executive Tarek Obaid and his right-hand man are accused of squandering the 1MDB funds on precious stones, private jets, rented yachts and property in London and Geneva.
Najib was in 2022 sentenced to 12 years in jail 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 … [+600 chars]
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