Tag Archives | JPMorgan Chase

Libyan Investment Authority sues JPMorgan Chase

By John Lee. The Libyan Investment Authority (LIA) has reportedly filed a lawsuit in London against JPMorgan Chase and businessman Walid Al-Giahmi for what it says is “commercial fraud”. While the details of the case have not been disclosed, Bloomberg suggests that the case probably relates to transactions with Bear Stearns, which JPMorgan bought in […]

US Probes Investment Firms over Libya Ties

The US Department of Justice (DOJ) is conducting a criminal investigation into a number of financial services firms over potential breaches of anti-bribery laws in dealings with the Libyan Investment Authority (LIA), the nation’s sovereign wealth fund. The Wall Street Journal reports that firms under the spotlight include private equity firm Blackstone Group, Goldman Sachs, Credit […]