Commencing next Tuesday, the Federal Criminal Court in Bellinzona, situated in canton Ticino, will undertake proceedings concerning the Swiss aspect of the controversy surrounding the Malaysian state fund 1MDB. A businessman and his associate stand accused of mismanagement, fraud, money laundering, and various other offences. It is alleged that they siphoned funds from the fund for personal gain. The men are accused by the Swiss Attorney General of creating a system used to siphon off funds. Former Malaysian Prime Minister Najib Razak and his advisor Jho Low were involved. The extent of the embezzlement is said to have ultimately totalled around $4.5 billion (CHF4 billion), of which $1.8 billion is said to have flowed into the accounts of the two defendants. +Swiss indict two managers of Saudi oil company in 1MDB scandal The businessman, a 48-year-old Swiss-Saudi dual citizen, is accused of mismanagement, bribery of foreign public officials, forgery of documents, qualified money ...