| A Goldman Sachs compliance chief raised concerns about an internship the bank provided for the brother of a decision-maker at Libya's sovereign wealth fund, a court heard on Tuesday. In a trial at London's High Court, the Libyan Investment Authority (LIA) is attempting to claw back $1.2 billion from the Wall Street giant from nine disputed trades carried out in 2008.
The LIA argues the U.S. bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments. It cites an internship Goldman Sachs provided for Haitem Zarti, the younger brother of Mustafa Zarti, the LIA's former deputy chief...............................................Full Article: Source
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