Judge orders full asset recovery in high-profile fraud case against former CEO of FM Capital Partners

LONDON, 1 November 2018 - A judgment has been handed down today in the UK High Court by Mrs Justice Cockerill that paves the way for Hogan Lovells' client FM Capital Partners (FMCP) to recover all the assets and property misappropriated by its former CEO.

This follows an earlier judgment from July 2018, in which the Court ruled against Frederic Marino, FMCP’s former CEO, and former Julius Baer banker, Yoshiki Ohmura, in respect of multiple acts of fraud and corruption.

The High Court judgment found that FMCP will be able to recover all the assets and property wrongly taken by Mr Marino up to an approximate value of $20-25m, in addition to the return of relevant shares. Against Mr Ohmura, FMCP's damages claim is confirmed at approximately $15m.

Roger Turner, CEO of FMCP said: “We welcome today’s judgment as a moment to draw a line under what has been a lengthy battle to bring these individuals to justice.

Crispin Rapinet, Head of Hogan Lovells’ global Investigations, White Collar and Fraud practice said: "This supplemental judgment highlights once again the English courts' robust approach in cases of proven dishonesty and fraud by ordering disgorgement of all assets acquired with monies improperly taken from the company."

The full judgment is available here.


Share Back To Listing

Loading data