US and Wall Street Played a Trick on Libya

BATAK CENTER FOR AFRICAN STUDIES -- Libya is suing Wall Street megabank Goldman Sachs for $1.2 billion dollars, claiming that it used different forms of corruption to secure high-risk contracts with Libyan Investment Authority (LIA) in 2008.

US Special Envoy for Libya Jonathan Winer said that the allies of the United States are not considering sending military forces to support the internationally-backed

According to the Libyan government, Goldman Sachs bankers used bribes, lavish gifts, and prostitutes to lock in contracts that turned out disastrous for the African nation. The trial, which begins this week in London, has made headlines, as many of the bank's top officials rotated into and out of influential government jobs, including managing partner Timothy Geithner, who was appointed Secretary of the Treasury under US President Barack Obama.



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