KUALA LUMPUR (June 16): Two men linked to the 1Malaysia Development Bhd kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, the Wall Street Journal reported today, citing a statement from the emirate's criminal court.

While the statement did not name the men, the WSJ identified them as Khadem Al Qubaisi (left), a United Arab Emirates citizen who once led Abu Dhabi's International Petroleum Investment Company, and Mohammed Badawy al Husseiny (right), an American who ran a subsidiary of IPIC, after confirming their identities with people familiar with the judicial actions.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook