CPS announces convictions of three fund managers for £11.4m Libyan wealth fund fraud
The Crown Prosecution Service (CPS) has announced on that three fund managers have been convicted of fraud by abuse of position of trust relating to £11.4m losses from Libya's sovereign wealth fund. Frederic Marino, 56 and Yoshika Ohmura, 47, were found guilty at Southwark Crown Court in a re-trial, while Aurelien Bessot, 47, had previously pleaded guilty. The re-trial was necessary because the previous jury was incorrectly informed of Bessot's guilty plea.