Swiss court convicts two execs in Malaysia's $1.8b 1MDB fraud

Swiss court convicts two execs in Malaysia's $1.8b 1MDB fraud

FILE PHOTO: Foliage partly covers a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia, July 3, 2015. REUTERS/Olivia Harris/File Photo

The Swiss Federal Criminal Court convicted on Wednesday two executives at an oil exploration company for embezzling more than $1.8 billion from Malaysia’s state investment fund 1MDB.