The Libyan Investment Authority (LIA) is set to demand $67bn from Goldman Sachs following claims the bank exploited Libya's $1.2bn 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.
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.