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Investment fund sues CSSF for €99 million

Submitted by tjibbe.hoekstr… on Tue, 15 Dec 2020 - 17:16
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LFP 1 SICAV has filed a civil claim against the CSSF for gross negligence. The directors of the fund claim the regulator turned a blind eye to blatant fraud with the fund between 2014 and 2019, and can therefore be held responsible for the losses in the fund.

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