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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Gaddafi’s fund has only 0.1pct stake in ICICI Bank

Posted on 07 June 2011

Libyan dictator Muammar Gaddafi’s sovereign wealth fund holds around 0.1% stake in ICICI Bank. Global Witness, an international NGO which works at exposing exploitation and conflict arising out of attempts to control natural resources, last week disclosed the holding of the Libyan Investment Authority as on June of last year.
Among various investments in global giants, there is a small $29.6 million investment in ICICI Bank which was worth $31 million in June 10………………………………………Full Article: Source


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