| Libya lost billions of dollars on financial products that international institutions sold to Moammar Gadhafi's sovereign wealth fund, the Financial Times newspaper reported Thursday on its website, citing a confidential Libyan government document.
Societe Generale SA (SCGLA) is among the banks and hedge funds named in about $5 billion in Libyan deals, the report said, adding that the Libyan Investment Authority's $1.2 billion equity and currency derivatives portfolio suffered a loss of 98.5% percent in its value..............................................Full Article: Source
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