6/10/11

Goldman Sachs and HSBC 'stored $335m of funds for Libya'

Goldman Sachs and HSBC are two of the banks that stored funds for Libya's government investment fund under Muammar Gaddafi, according to reports. The US investment banking giant had around $44m as of the end of June last year while HSBC had around $292.7m, according to documents posted on advocacy group Global Witness' website by a Libyan authority, Bloomberg reports.

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