Sovereign wealth fund Libyan Investment Authority (LIA) received 38% returns by investing in the American Depository Receipts (ADRs) of ICICI Bank, Economic Times reports. The LIA is controlled by Libyan dictator Muammar Gaddafi.
The LIA’s assets totaled about $64.2 billion as of Sept. 30, 2010. ICICI Bank is the single Indian company in the investment portfolio of LIA.
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