SocGen facing bribery lawsuit over Libyan deals: Financial Times

Reporting by Aashika Jain in Bangalore Published on Reuters

(Reuters) – The Libyan Investment Authority has accused France’s second-biggest bank Societe Generale (SOGN.PA) of funneling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi, the Financial Times reported late Sunday.

“Societe Generale contests the unfounded allegations in the Libyan Investment Authority’s (LIA) complaint,” a spokeswoman for the bank said in an emailed statement, without giving more details… [ Read More ]

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