The Swiss Federal Criminal Court has convicted two executives from PetroSaudi, Tarek Obaid and Patrick Mahony, for their roles in embezzling $1.8 billion from Malaysia's state investment fund, 1MDB. This verdict is part of a broader international scandal involving financial fraud and money laundering. The court sentenced Obaid and Mahony to seven and six years in prison, respectively. The case highlights the extensive nature of one of the largest global frauds in recent decades.