A British court in London ruled in favour of FM Capital Partners (FMCP), which manages the funds for Libya Africa Investment Portfolio (LAIP), in a case involving allegations of fraud and corruption against its former chief executive Frederic Marino.
The spokesman for FM Capital Partners clarified in a statement Wednesday that the Company may be able under this provision to recover between $ 20-25 million.
FM Capital Partners is a London-based alternative asset manager, which has invested and managed about $ 550 million on behalf of the Libyan African Investment Portfolio.
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