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Libya sues Goldman Sachs for using hookers as bribes to mislead the sovereign fund in 2008
Bankers involved with hookers, drugs, and bribes? Nah, that would never happen.. but the sovereign investment fund for Libya’s national government begs to differ as they announced on June 14 that it indeed happened, and they are taking the Goldman Sachs to court for using these types of bribes to secure risky contracts that were lost during the fallout of the 2008 Credit Crash.
Libya’s national investment fund is seeking restitution for $1.2 billion it says was lost through investments made by Goldman Sachs, who put the money in toxic and risky investments which completely deteriorated when the global financial system collapsed eight years ago.
from The Daily Economist http://ift.tt/1sHERNU , news , insurance , credit cards , legal , work, sports , artists , car , home , entertainment
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