| As Muammar al-Qaddafi’s sovereign fund is mired in losses worth billions of dollars, its India connection has come to light. The only investment by Libyan Investment Authority (LIA) in India shows a positive return for the oil-heavy wealth fund while a majority of its investments reported huge losses.
LIA has invested $29.61 million (Rs 133.24 crore) in ICICI Bank, according to a copy of LIA’s management information report dated June 2010................................................Full Article: Source
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