Libyan wealth fund trial against SocGen to start in UK court

Libyan wealth fund trial against SocGen to start in UK court

Libya’s 67 billion dollars sovereign wealth fund will go head-to-head with Societe Generale (SocGen) in London’s High Court on Tuesday over claims the French investment bank paid 58.5 million dollars in bribes to secure business from the fund.   The Libyan Investment Authority (LIA), is pursuing SocGen in relation to five trades totalling 2.1 billion […]

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Source: Libyan wealth fund trial against SocGen to start in UK court

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post culled from nigerianpilot.com