02.04.2014 - Libya fund accuses Société Générale of fraud
French bank Société Générale paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from Libya's main sovereign-wealth fund during the final years of dictator Moammar Gadhafi's rule, according to a lawsuit filed by the fund, the Libyan Investment Authority. The fund is suing Société Générale in London for restitution of money lost in deals completed between 2007 and 2009. It accuses the French bank of defrauding the institution through a series of complex financial derivative deals that were unprofitable for the LIA, according to new court documents filed last week. The new documents detail allegations in a suit filed earlier this month at London's High Court...................................Full Article: Source