LONDON (Bloomberg) — Langbar International Ltd., a Bermuda-based investment company at the centre of a fraud scandal, won a ruling in London against its ex-chief financial officer and a former director.

Justice William Blackburne ruled that former CFO Jean Pierre Regli, ex-director Abraham Arad Hochman and a company he controlled should pay Langbar around £49 million ($70 million), Langbar's chairman David Bulcher said in an e-mailed statement. Neither man or lawyers for them appeared at the hearing and the judge gave his ruling in their absence.

The ruling follows the arrest last week of six men in Spain at the request of UK authorities in connection with the alleged fraud. Hochman was one of those arrested, the Financial Times and Spanish newspaper El Pais reported.

The court ordered the men to pay the money because of "misrepresentations made as to Langbar's business and assets", Bulcher said in the statement.

Langbar, previously known as Crown Corp., operated as a so-called cash shell, listed on a London exchange. In 2005, the company said it was the victim of a fraud after discovering £370 million ($530 million) was missing from its accounts. In civil lawsuits, lawyers for the company called it "the largest fraud ever perpetrated on the Alternative Investment Market".

Neither Regli, Hochman nor any lawyer for them were at court last Thursday for the hearing. Phone listings for the men couldn't be found on directory assistance or the Internet.

Company founder Mariusz Rybak in April agreed to pay almost £30 million to settle a civil fraud lawsuit brought against him by the company's current board of directors. During last year's case, lawyers for Langbar's current board claimed Rybak falsified the company's assets as part of a fraud against investors.