Two Former IPIC Executives Tied to 1MDB Scandal are Sentenced in Abu Dhabi

Posted on 06/16/2019


Khadem Abdullah al-Qubaisi once managed Abu Dhabi-based International Petroleum Investment Company (IPIC) as managing director. Khadem Abdullah al-Qubaisi was levied a 15-year prison sentence over his role in the 1Malaysia Development Berhad (1MDB) alleged corruption and money laundering scandal. In addition, Mohammed Badawy al Husseiny, a U.S. citizen who ran a subsidiary of IPIC known […]