1MDB hails 'major victory' in Swiss US$1.8bil fraud case convictions


PETALING JAYA: The 1Malaysia Development Berhad (1MDB) board has lauded a significant victory in the ongoing effort to recover embezzled funds.

In a statement on Thursday (Aug 29), the board said the conviction in a Swiss court of two men for embezzling from the former sovereign wealth fund was "a further step towards recovering the harm done to the people of Malaysia."

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