Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5 billion for allegedly channeling bribes to allies of the son of slain dictator Muammar Qaddafi.

The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Saif al-Islam Qaddafi, for what it says is money that it lost on trades between 2007 and 2009.

http://english.alarabiya.net/en/business/2014/03/31/Libyan-fund-sues-France-s-SocGen-for-1-5bn.html

 

 

Tagged with:
 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!