In March 2008 the French bank Societe Generale concluded a million dollars deal with the Libyan sovereign investment fund – Libyan Investment Authority (LIA) belonging to Muammar Gaddafi. According to The Financial Times with reference to the internal documentation of the financial organization, LIA invested in the SocGen stocks only a month after it suffered losses amounting to almost five billion euro due to the illegal activity of their trader Gerome Kerviel who then had to look for the ways of debt compensation. The newspaper notes that accounting papers of SocGen show that a billion dollars received from the LIA was immediately invested in the bank’s stocks. At the same time in June 2010 LIA estimated their investments in SocGen at 284,5 million dollars – 71% lower than in 2008. Sociate Generale refused to comment their interrelations with the Libyan fund explaining that they do not discuss the particular deals or clients. The bank representatives added that they deal with many sovereign investment funds and observe all the statutory rules. At present the world community imposed the sanctions against Libya which prohibit organizations of EU and other countries from handling any business with Gaddafi regime. At the end of May it became known that LIA had some business with Goldman Sachs. The Wall Street Journal found out in the bank’s financials that in 2008 Gaddafi fund transferred 1.3 billion dollars to Goldman Sachs but Libyan investments depreciated 98% during the financial turmoil.