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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Gaddafi sovereign fund bled tens of millions in British business disasters

Posted on 27 May 2011

The Gaddafi regime was caught out by the implosion at Royal Bank of Scotland and also lost tens of millions of pounds when BP was hit by the Gulf of Mexico disaster, a leaked document shows.
Details of the $US53 billion ($49.8bn) investment portfolio of the Libyan Investment Authority also reveal how the Bank of England and Network Rail were among British institutions indirectly bankrolled by Libya……………………………………….Full Article: Source


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