Former chief executive of Langbar, Mariusz Rybak, has appeared at London’s High Court at the trial of the fraud-hit Aim cash shell’s former directors. Rybak is facing a compensation claim being bought by the current directors of Langbar. The trial began last week and is due to last five weeks.

A total of 849 private investors have put their name to the new directors’ action in exchange for 25% of Langbar’s net assets if the claim is successful. There is about £30 million frozen in bank accounts awaiting the outcome of the trial.