| The Libyan Investment Authority is using Goldman Sachs Group Inc. as a scapegoat to recover more than $1 billion the sovereign-wealth fund lost during a period when global markets were seizing in the 2008 credit crunch, the investment bank’s lawyer said.
Robert Miles, Goldman Sachs’ lawyer, made his opening arguments to the London court a day after the multi-billion dollar sovereign-wealth fund said the New York-bank used vacations and prostitutes to push unsophisticated Libyan officials into risky bets before the global financial crisis...............................................Full Article: Source
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