Financial Crime Financial Crime

Libyan fund’s $200 million fraud claim shouldn’t be time-barred over ‘diligence’ failures, UK court told

By Annie Robertson
  • 29 Jun 2021 11:13
  • 29 Jun 2021 11:13
The Libyan Investment Authority's $200 million corruption claim against Credit Suisse and Libyan businessman Walid Ali Al-Giahmi shouldn't be time-barred over its alleged “diligence” failures to uncover the scheme, the fund told London’s High Court.

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

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