13.11.2014 - SocGen denies allegations of funnelling bribes in LIA lawsuit
Société Générale and a Libyan businessman have denied “extremely serious” allegations that they helped funnel bribes to influence the Libyan Investment Authority to enter into complex trades, the High Court has been told. The LIA, now under new management since the fall of Colonel Gaddafi in 2011, has filed a $1.5bn lawsuit against the French bank as well as Libyan businessman Walid Al-Giahmi and a Panamanian company Leinada, which was controlled by Mr Giahmi, in relation to payments relating to five controversial trades...............................................Full Article: Source
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