Asset Mgr Wins Bid To Recoup Banker's Fees In Fraud Row
Law360, London (March 28, 2019, 2:34 PM GMT) -- U.K. asset manager FM Capital Partners Ltd. can recover the commissions a former Julius Baer banker earned allegedly helping his boss swindle millions away from a Libyan sovereign wealth fund, a London judge said Thursday.
Judge Sara Cockerill said in a High Court ruling that approximately $4.3 million in fees Yoshiki Ohmura made "dishonestly" assisting former FM Capital chief executive Frederic Marino could be claimed by the asset manager to pay back its client, the Libya Africa Investment Portfolio.
Ohmura, who was judged in July to have earned commissions for diverting money from the fund, had argued that any money the asset...
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