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Vol 55 No 7

Published 4th April 2014


Libya links worry Wall Street

US prosecutors are scrutinising the methods used to get lucrative Libyan investments and the role of brokers and agents

The United States regulatory authorities are closing in on several cases involving US financial institutions and possible bribes and commissions for the late Colonel Moammer el Gadaffi's son, Seif el Islam, and his friends. The Securities and Exchange Commission (SEC) and Department of Justice (DoJ) investigations into transactions between the New York-based hedge fund Och Ziff and the Libyan Investment Authority (LIA) are not the only probes in progress.

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