Wednesday 8 October 2014

Goldman Bankers Threatened by LIA Executive in ‘Tirade’ - Bloomberg

Goldman Bankers Threatened by LIA Executive in ‘Tirade’ - Bloomberg:



"A Libya Investment Authority executive threatened two Goldman Sachs Group Inc. (GS) bankers at a 2008 meeting in Tripoli, telling them the lender had “screwed” the sovereign wealth fund, according to the LIA’s evidence at a London court hearing yesterday.



Former LIA executive Mustafa Zarti was so angry about bad investments that he cursed at the two bankers, Youssef Kabbaj and Nick Pentreath, in English and Arabic after questioning some of the fund’s 2008 trades with Goldman, according to Catherine McDougall, a lawyer at a London law firm who was temporarily assigned to the LIA at the time.



“Get out of my country,” McDougall recalled Zarti as saying in a witness statement she prepared for the LIA in a $1 billion lawsuit against Goldman. The bankers gathered their things and left quickly, she said."



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