The logo of the French bank Societe Generale is seen in front of the bank's headquarters building at La Defense business and financial district in Courbevoie near Paris, France, April 21, 2016. REUTERS/Gonzalo Fuentes
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The Libyan Investment Authority hit back at allegations of corruption leveled against its detained chief and suggested his arrest could be linked to an ongoing power struggle over who heads the $60 billion sovereign wealth fund. Ali Mahmoud, who was appointed chairman by the United Nations-backed government in Tripoli, was taken into custody in the capital Wednesday on prosecutor's orders, according to Libyan media. Mahmoud was appointed by a steering committee set up by the internationally-recognized Tripoli government.
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