Libyan Investment Authority sues Goldman Sachs

Libyan Investment Authority sues Goldman Sachs28/01/2014 (Libyan Investment News – Libya): The Libyan Investment Authority (LIA), the nation’s sovereign wealth fund, is sueing Goldman Sachs in London over investments worth more than $1 billion. The company lost about $1.75 billion betting on structured products in 2007 and 2008, about $900 million of which was with Goldman Sachs, its former chairman said in June 2012. The U.S. Securities and Exchange Commission is probing Goldman Sachs’ dealings with the LIA for possible violations of American anti-corruption laws. The fund has said it is cooperating…

http://www.libya-businessnews.com/2014/01/28/libyan-investment-authority-sues-goldman-sachs/

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