'Vulture funds' sue poverty-stricken Liberia - 26 Nov 09

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Al Jazeera English
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Two offshore investment funds are taking the poverty-stricken African state of Liberia to London's High Court, over an unpaid debt that dates back to the 1970s.

The Caribbean-based companies, described as "vulture funds" want more than $20m.

But Liberia says it can't afford to pay the debt, and accuses the firms of profiting from poverty.

Barbara Serra reports

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