: Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multibillion-dollar financial scandal.They are accused by Swiss state prosecutors of involvement in a vast embezzlement operation orchestrated by Jho Low, an advisor to former Malaysian prime minister Najib Razak, with the complicity of the latter.
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. The latest trial, which is due to last throughout April, is being held at the Federal Criminal Court of Switzerland in the southern city of Bellinzona.
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