Financial Crime Financial Crime

Credit Suisse-linked derivatives fraud 'deliberately concealed,' Libyan fund tells UK court

By Annie Robertson
  • 06 Jul 2021 12:46
  • 06 Jul 2021 12:46
A sprawling corruption scheme involving Credit Suisse and Libyan businessman Walid Ali Al-Giahmi was “deliberately concealed” from the Libyan Investment Authority, which cost the fund $200 million, it told a London court today.

The sovereign wealth fund has launched legal action against the Swiss investment bank, Giahmi and three companies over a derivatives

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