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Financial losses: Libyan Investment Authority (LIA) loses against Walid Giahmi, Credit Suisse and JP Morgan

07/12/2021
Categories: General Information
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After seven years of proceedings and 500 million euros in legal fees and miscellaneous against the financial losses of Libyan investments with major investment banks during the subprime crisis of 2007-2008, the Libyan Investment Authority is losing his last illusions. Britain's Commercial Court on Friday dismissed a second case brought by the Libyan Investment Authority against businessman Walid Giahmi, an intermediary close to the Gadafi family, accused in the $200 million case.

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