Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The Libyan Investment Authority has sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond deal.The LIA, an oil wealth fund set up under former dictator Gadhafi, is pursuing a number of claims against major banks seeking to nullify unprofitable deals that may have been influenced by bribes.Societe Generale SA paid more than $1.7 billion in settlements and regulators' fines over claims the bank paid a bribe to Giahmi to arrange deals.Bear Stearns raised $200 million for the LIA in five-year notes after the services agreement with Giahmi was signed in July 2007 .
FOLLOW THIS ARTICLE