| The Libyan Investment Authority (LIA) has filed a $1.5 billion lawsuit against Société Générale (SocGen), claiming the French investment bank helped channel bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of the former Libyan dictator Muammar Gaddafi.
The LIA, a $60 billion fund set up to invest the country's vast oil wealth, alleges that SocGen fraudulently paid over $58 million to a company called Leinada for "advisory services". These services related to $2.1 billion of derivatives trades that the LIA entered into with SocGen between 2007 and 2009...............................................Full Article: Source
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