Libyan Businessman Says Bribery Suit Is Abuse Of Process

Law360, London (May 7, 2019, 5:52 PM BST) -- A Libyan businessman with supposed ties to the Moammar Gadhafi regime that was toppled in 2011 tried to toss a bribery and corruption suit brought against him and JPMorgan by the country’s sovereign wealth fund on Tuesday, claiming the suit is an abuse of process and should be struck out.

Lawyers representing Walid Al-Giahmi accused the Libyan Investment Authority of trying to resurrect bribery and intimidation claims that were leveled against him in a previous lawsuit brought against Societe Generale SA by the investment fund.

The bank paid €963 million ($1.1 billion) to the fund in 2017 to end claims the bank lost...

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