Relevant:
- Goldman Sachs Undermines the Housing Markets, Kills the Economy, and Feels Bad for Qaddafi
- Goldman to face Libya's sovereign wealth fund in court over trades
- Libya's Bankers Exposed: Goldman, JP Morgan And Citi
- Goldman Dodges a Libyan Bullet
- Goldman Sachs and a Sale Gone Horribly Awry (Dragon Systems)
2016-10-16 — bloomberg.com
Goldman Sachs Group Inc. didn't dupe Libyan officials into investments that lost $1.2 billion, a London court ruled, putting to rest claims the bank leveraged its reputation as well as lavish meals and prostitutes to win the sovereign wealth fund's trust.
...
The Libyan Investment Authority, a $60 billion oil wealth fund set up under former dictator Moammar Qaddafi, sued Goldman Sachs saying it was misled into signing derivative deals it never properly understood. The trades ended up being virtually worthless after the company shares they were linked to fell in the 2008 crisis.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
