Wall Street giant denies any wrongdoing, arguing that the LIA lost money due to the global financial crash
The Government of National Accord appointed a five-member caretaker committee to run the Libyan Investment Authority
The LIA argues Goldman took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments
The Libyan Investment Authority (LIA) wants to pursue Goldman Sachs and Societe Generale in the English courts for more than $3 billion it claims was mismanaged
Goldman Sachs has argued that Libyan Investment Authority representatives knew well the risk of the trades
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