Libya Sovereign Fund and Societe Generale Agree to Settle Fraud Case

Posted on 05/04/2017


In a gesture to avert a high-publicity trial, French banking giant Société Générale SA had reached an agreement with the Libyan Investment Authority (LIA) to settle legal disputes regarding bribes and derivatives – thus avoiding a court case in London’s High Court. Société Générale agreed to pay €963 million to settle legal claims with the […]