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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Libya versus Goldman Sachs

Posted on 24 October 2016

A High Court judge in London has cleared Goldman Sachs of tricking Libya’s state investment fund into making vast leveraged investments in 2007-2008 that it didn’t properly understand – investments that were wiped out in the banking crisis.
The dispute centred on Goldman’s dealings with the Libyan Investment Authority (LIA), a body set up at Muammar Gaddafi’s instigation to invest some of the country’s oil wealth as it was reintegrated into the global economy in the 1990s………………………………………Full Article: Source


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