Tag Archives | Leinada

LIA Sues SocGen for $1.5bn

The Libyan Investment Authority (LIA) is reported to be suing French bank Societe Generale (SocGen) in a London court for $1.5 billion for allegedly channelling bribes to allies of Muamar Ghaddafi's son. The $60-billion sovereign wealth fund is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Seif al-Islam, for what […]