| Goldman Sachs bankers took Libyan sovereign wealth fund bosses on a boozy weekend to Marrakesh – befriending them before selling them financial products the clients did not understand, the High Court heard.
Libyan Investment Authority (LIA) said it lost $1bn (£622m) on the deals from January to April 2008, and told the court it believes Goldman Sachs made around?$350m. It is suing Goldman, arguing it was misled by the bank. Goldman Sachs is fighting the claims, arguing “the LIA’s ...executives included highly experienced banking professionals.”..............................................Full Article: Source
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