Sunday 30 March 2014

SocGen accused over Libya deals - FT.com

SocGen accused over Libya deals - FT.com:



"The Libyan Investment Authority has accused Société Générale of helping to funnel bribes worth tens of millions of dollars to close associates of Saif al-Islam, the son of former Libyan leader Muammer Gaddafi.



The claim was made in a $1.5bn lawsuit filed against the French bank in London’s High Court.



SocGen said it planned to contest the legal claim against it, which it considered “groundless and without substance”."



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