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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Libya in $1.5bln law suit over bribes to Gaddafi son

Posted on 02 April 2014

Libya’s sovereign wealth fund has filed a $1.5bn lawsuit against Societe Generale, accusing it of funnelling bribes worth tens of millions of dollars to associates of Saif Al Islam, the son of former Libyan leader Muammar Gaddafi.
“Societe Generale contests the unfounded allegations in the Libyan Investment Authority’s (LIA) complaint,” a spokeswoman for France’s second-biggest bank said in an emailed statement, without giving more details……………………………..Full Article: Source


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