“King of Diamonds” Lev Leviev just won a $209 million judgement against his former business partners in a case that was so bitterly contested it resulted in death threats and an alleged smear campaign to the arbitrator initially assigned to decide the case.
The Bank of Israel on Sunday answered back critics who say lenders and regulators were too ready to give tycoons and their holding companies loans and too hesitant in trying to get repaid when the loans went bad.
Africa Israel reports giant 2.4 billon-shekel loss in third quarter.
POLITICS, as opposed to scientific evidence, appears to be at the heart of the marine phosphate mining debate currently causing consternation in Namibia.
The potential bid includes a NIS 700 million capital injection and a NIS 400-450 million debt write-off.
The dispute between two Namibian ministries over marine phosphate mining in a 700-km stretch of sea shows little sign of ending.
HEIST movies like “Ocean’s Eleven,” “Reservoir Dogs,” and “The Usual Suspects” never fail to grab our attention, push us to the edge of our seats, and leave us with one hand in a popcorn bag and the other biting our nails. But you know what they say life imitates art.
They once pulled the strings of Israel’s economy, but now the country’s most influential tycoons are reeling under a popular backlash against corporate power and selling assets in a regulatory squeeze.
Since April 2016, many of media articles narrated facts of corruption of high-ranking NYPD officials, inter alia, by Mr. Jona Rechnitz who is one of the fundraisers of the current Mayor of New-York. Following this probe, high-ranking NYPD officers were dismissed.
Jewelry tycoon Lev Leviev won more than $100 million from an arbitration panel in a corporate split against his former business partner that could send shockwaves through Manhattan’s Diamond District.