Mahony and Obaid, classmates from a Geneva private school, were accused of creating a sham oil exploration company as early as 2009 through which they stole more than US$1.8 billion in 1MDB funds.

KUALA LUMPUR - 1Malaysia Development Berhad (1MDB) has filed a lawsuit against Patrick Mahoney, the chief investment officer of PetroSaudi International Ltd (PSI), seeking to recover USD1.83 billion.

Prosecutors alleged that Swiss-British national Patrick Mahony and Swiss-Saudi Tarek Obaid, helped to set up a joint venture with 1MDB by creating the impression that their company, PetroSaudi ...

PETALING JAYA: The 1Malaysia Development Bhd (1MDB) board has lauded a significant ... which means that Patrick Mahony and Tarek Obaid will face justice for their role in embezzling and defrauding ...

PETALING JAYA: The 1Malaysia Development Berhad (1MDB) board has lauded a significant ... which means that Patrick Mahony and Tarek Obaid will face justice for their role in embezzling and ...

was sentenced in August to seven years in prison in Switzerland over the embezzlement of $1.8 billion from 1MDB. His right-hand man Patrick Mahony, 47, a Swiss-British director at the Geneva-based ...

KUALA LUMPUR: Datuk Seri Najib Razak has rubbished the prosecution's narrative in the RM2.28bil 1Malaysia Development Bhd (1MDB ... Low), Tarek Obaid and Patrick Mahony (both from PSI) who ...

Najib’s lead defence lawyer Tan Sri Muhammad Shafee Abdullah today raised the Swiss court’s August 28 conviction of Tarek Obaid and Patrick Mahony in the case, and claimed that the Swiss court ...