Tagged: Libya corruption

Société Générale and Legg Mason Pay the Price for Bribery in Libya (Part II of III)

Société Générale and Legg Mason Pay the Price for Bribery in Libya (Part II of III)

Société Générale and Legg Mason carried out a massive bribery scheme to pay Gaddafi-era government officials in Libya in exchange for large investments by Libya government funds.  In total, Société Générale and Legg Mason paid over $90 million in bribes in exchange for over $3.6 billion in investments and profits of over $500 million. The Bribery Scheme In a lengthy factual statement, the government, Société...