Goldman Sachs Investigated for Bribing Libyan Investment Manager

June 10, 2011

I’ve posted about whether investors really care about allegations of FCPA violations against their companies.  Here, it looks as though Goldman Sachs was trying to gain access to Libya’s government’s investment business.  If the cost of doing business in some countries takes a bribe, can investors blame companies for trying to expand the market?

I’m not sure I have a strong position on this.  Obviously, I don’t advocate violating U.S. law, but how can the SEC implement the FCPA while not chilling international business?


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