Goldman Sachs, the pillar of honesty and integrity is fighting in court to keep the Libyan Investment Authority (LIA) from clawing back $1.2 billion the LIA says was lost through nine disputed trades conducted in 2008.

The LIA, Libya's $67 billion national investment fund, is saying that Goldman gained its trust and then abused it by encouraging it to participate in complex trades that it did not understand.

"The disputed trades were inherently unsuitable for a nascent sovereign wealth fund such as the LIA and Goldman Sachs knew (or at the very least suspected) that the LIA did not properly understand the trades, which were highly structured, complex, and risky" a document submitted to the court said according to the BBC.