LIA Presses on with SocGen Suit

Posted on 11/13/2014

The Libyan Investment Authority’s case against Societe Generale SA is now underway. Societe Generale has denied paying bribes to the sovereign wealth fund to gain business. The French bank contends the US$ 58 million in payments to Walid Al-Giahmi’s company, Panama-based Leinada Inc., were for “introductory, market intelligence and follow-up services,” according to court documents. […]

Get News, People, and Transactions, Delivered to Your Inbox