The Libyan Investment Authority ( LIA ) is set to demand $ 5000 from Goldman Sachs who claims the firm controls Libya 's $ 67bn sovereign wealth fund through encouragement to make risky investments . prosecutors claim that nine trades carried out in 2012 were conducted under undue influence , an allegation that Goldman Sachs intends to fight .
The Libyan Investment Authority (LIA) is set to demand $1.2bn from Goldman Sachs following claims the bank exploited Libya's $67bn sovereign wealth fund through encouragement to make risky investments. LIA claim that nine trades carried out in 2008 were procured under undue influence, an allegation that Goldman Sachs intends to fight.