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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

LIA denies investing $500mln with Stanford

Posted on 20 July 2009

From Tripolipost.com: The Libyan Investment Authority (LIA) denied it invested $500 millions with Sir ‎Allen Stanford who is being accused by the US government of fraud, money ‎laundering and obstruction of justice. ‎

In a letter sent to Oea daily on Thursday, signed by the Executive Director of LIA Mr. ‎Mohamed Layas, the LIA said the information published by the Financial Times on 8 ‎July 2009 were not truthful with regard to the Libyan Investment Authority………..Full Article: Source


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