Jail terms sought in Switzerland for 2 accused in $2.5b Malaysian 1MDB fund fraud
GENEVA - Lawyers for two men accused of embezzling US$1.8 billion (S$2.5 billion) from the Malaysian state fund 1MDB began laying out their case on April 18 after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid and …