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A chief rabbi, Mossad and a dubious diamond deal

July 5, 2012 10:53

By

Simon Rocker,

Simon Rocker

1 min read

Behind the London legal battle over diamond profits between the Russian-Israeli businessmen Lev Leviev and Arakady Gaydamak lay a chain of what the judge called "extraordinary events".

Mr Gaydamak had sued Mr Leviev, claiming he was owed hundreds of millions of pounds from the export of diamonds from Angola as a result of a deal made in December 2001.

Although Mr Leviev denied having entered into a partnership with Mr Gaydamak, Mr Justice Vos - in a judgment issued last week after a three-week hearing - concluded that an agreement had been made.

However, the judge also ruled that Mr Gaydamak had agreed to drop any legal claims in a settlement reached in Angola last year. Mr Gaydamak had argued it was invalid because he had signed only in the belief that he would get money from Mr Leviev. The judge said that while he was "not reliable", there were "veins of truth" in what he said.

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