Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

The Fnac des Ternes, in Paris.
The Fnac des Ternes, in Paris. © Aurelien Morissard/IP3 Press/MaxPPP
The French-Tunisian businessman, who tried to sell a Paris building belonging to the Libyan sovereign wealth fund LIA and valued at €250m, has had his sentence upheld by the Paris Court of Appeal. Several other legal procedures however continue to threaten Libyan assets in France. [...] (521 words)
Issue dated 24/06/2022 Reading time 3 minutes
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