| French bank has opted against getting $1.5bn bribery case stemming from Gaddafi days thrown out. Societe Generale has opted to allow a bribery case brought by Libya’s sovereign wealth fund to go to court, having previously indicated that it would attempt to have the case thrown out.
The French bank is accused by the Libyan Investment Authority (LIA), which is believed to control about $60bn (£36bn) of the country’s wealth, of paying some $58m in bribes to key officials in the Gaddafi regime and at the top of the fund to smooth over trades that lost the LIA hundreds of millions, in the years before Muammar Gaddafi was overthrown in 2011...............................................Full Article: Source
|