Marsalek’s missing millions: the unravelling of a secret Libyan empire

FT investigation sheds light on Wirecard fraudster’s activities in north Africa and shadow life as a Russian agent of influence.

11 December, 2025 by Sam Jones in Vienna and Paul Murphy in London

From a townhouse in London’s Mayfair, a secret deal was sealed last year to sell three Libyan cement factories.

Hidden behind layers of offshore shell companies and non-disclosure agreements, the strategic assets passed into the hands of a

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