Three fund managers have been jailed for a large-scale fraud which led to losses of $8.45m (£7.03m) which were meant for the people of Libya.

A Chartered Accountant convicted of conspiring to insider deal has been jailed today for three and a half years.

Two defendants – a senior investment banker and a Chartered Accountant – have been convicted of conspiring to insider deal between November 2006 and March 2010 in a case brought by the Financial Conduct Authority and following a three-month trial at Southwark Crown Court. Read more...