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

SEC probes Goldman over Libyan dealings

Posted on 10 August 2011

Goldman Sachs Group Inc. said U.S. securities regulators are investigating whether the securities firm broke bribery laws.
Libya’s sovereign-wealth fund planned to pass along the $50 million from Goldman to an outside adviser called Palladyne International Asset Management BV. At the time, Palladyne was run by the son-in-law of the head of Libya’s state-owned oil company, according to internal documents reviewed by the Journal……………………………………….Full Article: Source


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