Libya Controls Billions at U.S. Banks: WikiLeaks

Libya’s secretive sovereign wealth fund has $32 billion in cash with several U.S. banks each managing up to $500 million, and it has primary investments in London, a confidential diplomatic cable shows. The cable, obtained by WikiLeaks and revealing the details of a January meeting between the head of the Libyan Investment Authority (LIA) and the U.S. ambassador in Tripoli, comes as the U.S. and European governments explored the possibility of freezing assets belonging to the Libyan govt. – Reuters

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