The ex-bankers used ‘secret commission’ payments on structured products to steal from the Libya sovereign wealth fund.

A UK court sentenced on 20 February 2023 former bankers Frédéric Marino, also previous chief executive of FM Capital Partners (FMCP), Yoshiki Ohmura and Aurélien Bessot to a total of 11 years for large scale fraud which amounted to losses of US$8.45 million. The court found that Marino, Ohmura and Bessot acted dishonestly when receiving secret commissions and paying bribes of over US$25 million in connection with a portfolio of assets owned by the Libya Africa Investment Po