Tag Archives | Panama

Businessman told to Disclose more Records

A Libyan businessman has been ordered by the British High Court to disclose additional phone and banking records in relation to the case in which the Libyan Investment Authority (LIA) is pursuing French bank Societe Generale (SocGen) for some $2.1 billion relating to a series of disputed trades. According to Reuters, the LIA claims that SocGen […]

LIA Sues SocGen for $1.5bn

The Libyan Investment Authority (LIA) is reported to be suing French bank Societe Generale (SocGen) in a London court for $1.5 billion for allegedly channelling bribes to allies of Muamar Ghaddafi's son. The $60-billion sovereign wealth fund is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Seif al-Islam, for what […]

Malta-Bound Ship Accused of Smuggling

A Panamanian-registered cargo vessel, The Levante, has been arrested off the Libyan coast on suspicion of smuggling fuel from Libya to Malta.  and now being held in Tripoli. According to Navy spokesman Captain Ayyub Umru Kassim, the ship was discovered to be carrying 400 tonnes of contraband diesel fuel aboard and was heading to Valletta. At […]