Former executive members of Marsh Inc were scheduled to answer charges of criminal fraud today, reports have said.

According to reports, eight former executives could be prosecuted in relation to a grand jury probe that came out of the New York Attorney General Eliot Spitzer's fraud and bid-rigging charges against Marsh.

It was indicated that the charges would include scheming to defraud.

It is believed the broker's parent company, Marsh & McLennan in New York, has already paid $850m in restitution to Spitzer earlier this year.

Spitzer's investigation has produced 16 guilty pleas, including seven from Marsh officials.

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