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SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family friend of Muammar Qaddafi were to help the bank “navigate the unfamiliar and difficult” market in the country. The payments to Walid Giahmi’s company, Leinada Inc., were for “introductory, market…
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Click here to read the full story: Bloomberg Business Week