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Sovereign Wealth Funds Briefing - Categorized | Investment

Libya invested $500 mln with Allen Stanford-filing

Posted on 08 July 2009

From Reuters: The Libyan government had invested $500 million of its cash reserves with accused swindler Allen Stanford’s firm as of late 2008, a court filing showed on Tuesday.

And Stanford and Andrea Stoelker, his girlfriend, flew to Tripoli on Jan. 25, 2009 because Libya was considering increasing the amount it had invested with him, according to a court document………Full Article: Source


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