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 Najib and Low, and said there were variations in the amounts that the defendants allegedly laundered, Keystone-ATS reported.

The multibillion-dollar 1MDB financial scandal has led to criminal investigations around the world, including in the United States, Switzerland and Singapore.

It is alleged that billions of dollars were pilfered from the fund, officially 1Malaysia Development Berhad, by a number of people and used to buy items ranging from artwork to a superyacht.

Share.

Leave A Reply

© 2024 The News Singapore. All Rights Reserved.