World News Official TheFoxPosts.com

Swiss prosecutors say they have indicted two managers of a Saudi oil exploration company as part of a yearslong international investigation of a Malaysian sovereign wealth fund GENEVA -- Swiss prosecutors said Tuesday they have indicted two managers of a Saudi oil exploration company as part of a yearslong international investigation of a scandal linked to a Malaysian sovereign wealth fund that the FBI once described as the “biggest kleptocracy case” ever. The office of Switzerland's attorney general said the two PetroSaudi managers were accused of trying to enrich themselves and others by misappropriating at least $1.8 billion transferred to the 1Malaysia Development Berhad fund. Swiss officials did not name the pair, citing privacy reasons. The indictments are the first of their kind in Switzerland, where some financial institutions were ensnared in the far-reaching scandal involving the state-owned investment fund known as 1MDB. Malaysian investigators allege that more than $4.5...

An Italian court had delayed a hearing on whether to hand over to Belgium a woman who is charged along with her parents in an influence-peddling scandal in the European Parliament BRESCIA, Italy -- An Italian court said Tuesday that it will seek information on prison conditions in Belgium before ruling on whether to turn over a woman for possible trial in Brussels in an influence-peddling scandal that has rocked the European Parliament. Silvia Panzeri, a lawyer by training, is being sought to face charges of participating in a criminal group, corruption and money laundering in Brussels. But prosecutor Umberto Vallerina said that her hearing in the northern city of Brescia has been delayed until Jan. 3 pending a report by the Italian Justice Ministry. A panel of judges accepted the defense motion to seek documentation via the Italian justice minister on whether Belgian prison conditions are acceptable and comply with human rights conventions possibly including a fact-finding mission. P...