Societe Generale Latest To Go To Court In Libyan Sovereign Wealth Fund Bribery Case – ValueWalk Premium
Sovereign Wealth Funds

Societe Generale Latest To Go To Court In Libyan Sovereign Wealth Fund Bribery Case

It’s hard to tell who laughed the most when news broke that yet another major bank is being sued by the Libyan sovereign wealth fund. After all, a case involving a Goldman Sachs derivatives salesperson who told a Libyan finance official to “get divorced from your wife for a weekend” as he entertained his client was fodder enough for all watching. Now more news hits the tape as a bribery case involving Societe Generale is moving forward to trial.

Libyan sovereign wealth fund claims $58.5 million . . .

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