JPMorgan Says Payments to Libya Oil-Fund Fixer Weren't Bribes

JPMorgan Chase & Co. acknowledged that Bear Stearns made millions of dollars of payments to a friend of the son of Libyan dictator Moammar Al Qaddafi around the time it raised $200 million for the country’s wealth fund.

BLOOMBERG.COM

JPMorgan Says Payments to Libya Oil-Fund Fixer Weren't Bribes

JPMorgan Chase & Co. acknowledged that Bear Stearns made millions of dollars of payments to a friend of the son of Libyan dictator Moammar Al Qaddafi around the time it raised $200 million for the country’s wealth fund.