ADIA seeks $4bn from Citi

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US/UNITED ARAB EMIRATES - The Abu Dhabi Investment Authority (ADIA) said it plans to fully "pursue its legal rights" as it looks to pull out of its 2007 investment in Citigroup or receive US$4bn in compensation.

Earlier this week, Citigroup said the ADIA filed a claim against the firm alleging "fraudulent misrepresentation" in regards to the sovereign wealth fund's $7.5bn investment in Citigroup in 2007. ...

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