Libyan Sovereign Wealth Fund Sues France’s SocGen Bank for $1.5bn
Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5 billion for allegedly channeling bribes to allies of the son of slain dictator Muammar Qaddafi.
The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Saif al-Islam Qaddafi, for what it says is money that it lost on trades between 2007 and 2009.
http://english.alarabiya.net/en/business/2014/03/31/Libyan-fund-sues-France-s-SocGen-for-1-5bn.html
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