Leviev’s Gemcanton Mine – Where is Government Intervention?

Government should review Levieve’s partnership at Gemcanton mine

 

The continued diamond smuggling investigation of the Israeli-Russian Diamond Baron Lev Leviev by the Israeli authorities should make the Government of the Republic of Zambia also institute serious investigation and review his investment at Gemcanton emerald mine formerly Grizzly Mining Ltd on the copperbelt.

Mr El Nefussy a representative of Levi Levieve was deported by the Government of the Republic of Zambia in 2017 for purportedly engaging in serious human rights abuses at Gemcanton mine. Unfortunately, no serious arrests were made to make him unwearable to the law for subjecting the poor Zambians to inhuman torture at Gemcanton before a deportation decision could be arrived at. Government opted to deport him, and that decision has not set any disciplinary precedence to would be offenders.

To date,the issue of torture and human rights abuses at Gemcanton by Levi Levieve’s team has not been adequately addressed.

Many of the victims complain that government has not punished the offenders and feel such a precedence would escalate related acts in future. Zambia is among the African countries where the world diamond baron Leviev has massively invested in emerald mining with very little corporate social responsibility (CSO) going to the poor people of Chief Nkana and Lumpuma area where the emerald mine sits as was the case when the investment was wholly owned by Abdoulaye Ndyaye.

Apart from a lack of CSR, Zambia has been a victim of dishonest by many of the foreign investors who come in and ignore the plight of the local people.
The question of Zambians benefiting from some of the investors coming in the country is becoming a thorny one, as locals seem not to benefit. Whether or not some investors are worth hosting in Zambia has become a National debate. People are wondering whether some companies are genuinely investors or coming in to exploit the country’s resources.

Very serious government’s like Israel have investigated some diamond tycoons like Leviev with very little to leave unturned. The Zambian government , like Israeli government should consider thoroughly investigating Levi Levieve’s investment in Zambia.

What is worrying is a lack CSR at Gemcanton from the time Leveiev came on board as a share holder yet the company is making millions of dollars.
Additionally, the restrictions of the local people to the Gemcanton dumpsite has adversely affected the poor Zambians who were known to survive on such dumpsites at the time Gemcanton was called Grizzly Mines under Abdalaye Ndyaye .

It is the local people’s considered view that the speed at which government has let go of the black mountain in Kitwe for the benefits of the local people is the same speed at which government should influence Gemcanton mines management to allow the local people who are currently receiving nothing from Gemcanton under Leviev .

When Honorable Bowman Lusambo was Copperbelt Minister, Gemcanton was restrained and started making headways towards restoring CSR, but upon his transfer to Lusaka, many of the strides made at Gemcanton were buried to the disadvantage of the locals.

There is fear that if government does review Leviev’s investments at Gemcanton, the people of Zambia will benefit nothing from the emerald mine investment.

While government is seriously looking at the empowerment of the local people in mining industries , it is the people’s considered view that the shares of Leviev at Gemcanton are reviewed to benefit the lower people .

Lack of regard for the local people in the area of Corporate Social Responsibility and unfair trading habits have made different stakeholders wonder whether there is serious scrutiny of some foreign investors’ investment record before they can be allowed to invest in Zambia by the powers that be.

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Leviev v. Klein – Devastating Corporate Divorce – Something Missing….

 

 

Theory: The Current “Black Diamondgate” Smuggling Investigation in Israel may be Reason to Reconsider Klein Ruling

In February/March of 2017, it was announced by numerous papers that the US Federal Court had upheld an arbitration award against the Julius Klein Group, in an ongoing and very messy corporate divorce. We believe that the courts got the decision wrong and the basis of our comments is a single sentence reported by The NY Post on September 18, 2013, when the battle between the parties began. 

In an article entitled: Diamond king in heated battle with jewelry partners

It is quoted as follows:

“The two sides first joined forces in 2002, and Leviev claims he has a 43.5 percent interest in the joint venture, KLG Jewelry.

But Leviev, 57, says he hasn’t been paid any profits since last September as the parties have attempted to reach a settlement agreement for a “complete corporate divorce.”

Leviev wants the court to prevent his colleagues from selling “highly mobile and not easily traceable” diamonds.”

In 2013 Leviev, by his own admission, acknowledged the mobility of diamonds, the ease with which they could be transported from one place to another and frankly, how easy it would be to hide assets in either uncut or unmarked diamonds. We believe that with the new investigation into Leviev and a potential well orchestrated diamond smuggling operation in Israel, the Kleins may have legally available means to open this case for a reevaluation. In other words, who was really hiding what from whom? Were the Kleins really hiding assets or was Leviev manipulating a system he knows all to well.

We have posted for further reading information of interest, including a number of the legal opinions. We have been through the cases and the arbitration information and we do not think that the result was appropriate, particularly in retrospect.

We also question the integrity of the arbitration and by implication the ligitation that followed given Leviev’s own position at the time and the current “Black Diamondgate” investigation in Israel.

Read as follows:

The lawsuit information:  

http://static.reuters.com/resources/media/editorial/20170301/levievvklein–opinion.pdf

Lev Leviev Secures $209 Million Judgment Against Julius Klein Group

Published On: Tue, Feb 28th, 2017

Lev Leviev Secures $209 Million Judgment Against Julius Klein Group

Julius Klein Group asset seizure efforts to commence; Klein Family Martin, Abraham, Moishe and Malka Klein Personally Liable for Debt

lev-leviev 514x360
A Manhattan federal judge on Monday has confirmed an arbitration award holding Julius Klein Group and four of its principals responsible for paying $209 million to LGC USA Holdings, Inc., an affiliate of the Leviev Group led by Israeli billionaire Lev Leviev.

Leveiev accuses his business partners Julius Klein Group, led by Martin, Abraham, Moishe and Malka Klein of freezing him out of three highly lucrative gem companies, in the Manhattan civil suit.

In what may be a record judgment in the diamond industry, Judge Jesse M. Furman confirmed an arbitration ruling from last year and ordered the Kleins to be responsible for paying LGC $142 million immediately. In addition to more than $66 million that has already been paid, for a total of $209 million. This representing the face amount of the award of $111.9 million plus prejudgment interest at 9 percent from Feb. 2014 – Feb. 2017.

The federal court judgment also includes prejudgment interest in the amount of $27.9 million each day from Feb. 2014 – Feb. 2017, the date of entry of the final judgment.

The Julius Klein Group unsuccessfully claimed that the substantial financial award should be set aside because the arbitrators were allegedly biased and corrupt. But the judge rejected these and all of the Kleins’ other arguments in ruling for LGC.

Lev Leviev and the Julius Klein Group formed a joint venture KLG Jewelry in 2002 where Leviev had a 43.5 percent stake.

LGC, led by president Chagit Sofiev-Leviev, intends to pursue collection in a vigorous manner from the debtors including Julius Klein Diamonds LLC, Julius Klein Group Holdings LLC, Julius Klein Diamonds Inc, Klein Tenancy, KLG Jewelry LLC, Sunrise Venture LLC as well as Martin Klein, his wife Malka Klein, his business partner Abraham David (A.D.) Klein and A.D.’s son Moishe Klein.

“The Leviev Group will take all steps available, including seizing corporate and individual assets, to collect this judgment after the lengthy legal procedures now have resulted in this final ruling,” said Charles Michael, the partner at Steptoe and Johnson who represents the Leviev Group.

The Julius Klein Group had tried to keep the arbitration loss secret. As one news report described: “Lawyers for Leviev’s nemesis, the Julius Klein Group, desperately tried, and failed, to seal the Manhattan federal court case related to the whopping award.”

During the arbitration, the Kleins engaged in unseemly stalling and threatening tactics to derail the arbitration, including the filing of a rabbinical proceeding against one of the arbitrators.

 

 

ADDITIONAL SOURCES:

Inside the Leviev–Julius Klein Corporate Divorce

https://www.jckonline.com/editorial-article/inside-the-leviev-julius-klein-corporate-divorce/

“Given this has become a high-profile case, it’s worth looking at its background. Prior to the lawsuits and arbitrations, the two sides had been partners for more than a decade. According to an affidavit signed by Lev Leviev, in 2001, his company and the Kleins created two companies, Sunrise and Vivid Collection. (The latter eventually shut down amid a lawsuit.)

Following that, Leviev became joint venture partners with the Kleins in three companies: Julius Klein Diamonds, Sunrise Ventures, and KLG (which runs the Leviev retail chain). For years, the Klein family operated those businesses. The Klein side claims that Leviev was never involved in its day-to-day operations, but the Leviev side griped in a complaint filed in New York State Court in September 2013 that “the businesses were operated in secret, without providing [LGC] any of the information they were entitled to concerning these entities’ operations.”

In 2012, LGC wanted out, and eventually decided to be bought out of all the partnership companies. The current dispute is over the valuation of LGC’s stakes in those companies.

Following industry custom, this issue was meant to be a settled by an arbitration, which commenced in May 2013. The Klein and Leviev sides chose one arbitrator apiece—Chaim Pluczenik and Israel Zahavi, respectively. Zahavi and Pluczenik picked the third, “neutral” arbitrator, Jacob Bronner. Pluczenik later resigned, calling the process “biased” and “unfair,” and was replaced by Eytan Cohen.”

 

Federal Court Enters Judgment Holding Julius Klein Diamonds, Its Principal Martin Klein & Three Others Responsible for Paying $209 Million to a Lev Leviev Company

https://www.businesswire.com/news/home/20170228006120/en/Federal-Court-Enters-Judgment-Holding%C2%A0Julius-Klein-Diamonds

“The Julius Klein Group unsuccessfully claimed that the substantial financial award should be set aside because the arbitrators were allegedly biased and corrupt. But the judge rejected these and all of the Kleins’ other arguments in ruling for LGC. (A detailed opinion is expected to be publicly released.)”
The litigation is LGC USA Holdings, Inc. v. Julius Klein Diamonds, LLC, et al., U.S. District Court for the Southern District of New York, Case Nos. 16 Civ. 5294 and 16 Civ. 5352.

 

Lev Leviev Wins $209M Judgment Against Julius Klein Group

http://idexonline.com/FullArticle?Id=42902

“The case has been bitterly contested and led to death threats and an alleged smear campaign to the arbitrator initially assigned to decide on it, the New York Post reported.”
“A Manhattan federal judge ordered the Julius Klein Group to pay $142 million to Leviev’s LGC USA Holdings. That sum is in addition to the more than $66 million that has already been paid, according to the report.”

Did Leviev’s Bookkeeper Actually Jump – In Other Words, Was it Suicide?

lev levievLev Leviev, a Suicide… Was it Really a Suicide?

AN EDITORIAL  – LM

We have been following Lev Leviev for years. We have followed his entrails with Benny Steinmetz, the DRC, the 88 Queensway Group, Sam PaChina Sonangol,  the cartels, the virtual takeover of the DeBeers empire, Dan Gertler and on and on. It is difficult to amass that much wealth, in an business empire built on enslaving a country and its members, without there being much to be said. 

We have followed the battle between Lev Leviev and Arkady Gaydamak and a trust which Leviev was to hold on behalf of Gaydamak and instead allegedly kept for himself. According to lawsuits, Berel Lazar, a trusted Rabbi, was to hold onto the trust in good faith for Gaydamak to claim later; and instead he and Leviev managed to wrest Gaydamak’s assets away from him. The justice in that is a question for the philosophers. Gaydamak signed the trust document to hide assets. Lazar allegedly “misplaced” the trust (or claimed it did not exist) and ultimately Leviev was all the wealthier for it. With friends like that, one needs no enemies.

We posit, with significant analysis behind us, that in New York the police officers working on behalf of Leviev’s quasi-associate, Jona Rechnitz, were paid in diamonds. We believe the entire story is integrally connected to the closing of the tunnels. We contend that at some point, when time has passed and they are free of prying eyes, at least some of the officers are going to suddenly uncover the buried treasures of their interludes with Rechnitz (and Reichberg).  Rechnitz in our view is perhaps the least credible witness available. He will not stand trial and will save his own skin by tossing others under a proverbial bus. But that is for a different story.

Leviev’s connections to Putin, Kushner, Berel Lazar, the criminal governments throughout Africa and the DRC speaks volumes to who he is. That he has given money to Chabad and other Jewish causes, in a quasi Robin Hood alternate universe, is irrelevant. His wealth is built on blood diamonds and the backs of friends and enemies. That is our perspective.

And today, we do not feel that the woman who jumped to her death in Israel, Leviev’s bookkeeper, committed suicide. We offer condolences to her family, to her loved ones, to those who are experiencing a grief that few will ever understand. People close to the investigation have told us that she was only questioned for a few hours and only in the last day or so. She had not been “under investigation” per say. If she jumped (and by implication we mean was not pushed) we take the position that she did so under threat, for fear of something beyond the investigation or because she had some very dark information. We can only hope that the authorities in Israel, and perhaps in the US are investigating, thoroughly.  

Leviev, LLD Diamonds, Africa Israel and a Name Withheld

JERUSALEM (Reuters) – The son of Israeli billionaire diamond magnate Lev Leviev is among suspects arrested in Israel in connection with a diamond smuggling scheme, according to court documents released on Tuesday.

The case focuses on Leviev’s company, LLD Diamonds, a leading global manufacturer and marketer of polished diamonds, Police have said they expect to make more arrests, both in Israel and abroad.

Leviev’s son Zevulun is among six suspects accused of involvement in a smuggling operation that has brought about 300 million shekels’ ($80 million) worth of diamonds illegally into Israel since 2010, according to a transcript of a custody hearing held on Monday.

Israel is a world centre for diamond cutting and polishing, with one of the biggest exchanges in the world, at Ramat Gan.

Lawyers representing Zevulun Leviev in a statement said the allegations against him were “baseless” and his arrest appeared to be a tactic to “illegitimately pressure his father”.

Lev Leviev, who was born in Uzbekistan and according to the court documents is currently believed to be in Russia, built his fortune in diamonds and property.

LLD said in a statement it had no knowledge of the alleged smuggling.

“Mr. Leviev and the companies in his control operate in accordance with the proper norms while adhering to the law. We hope that the matter will be clarified soon and the suspicions will be proven baseless,” it said.

Leviev also owns 48 percent of the real estate firm Africa Israel Investments , once one of Israel’s biggest conglomerates, whose business has struggled since a downturn in the Russian real estate market. ($1 = 3.6847 shekels)

A Little Gem of A Story – Paying Attention to the Crystal Clear Details – 580 Fifth Ave.

580 5th.2

Leviev, 580 Fifth Avenue, The Crystal Clear Details and Africa Israel

We have made no bones about our theories regarding the number of diamonds there are floating around New York, either unpolished and uncut or simply unaccounted for on any formal records or invoices. We have believed this since our stories were published in 2016. We believe that the key to understanding this theory rests in the role Lev Leviev’s enterprise had and may continue to have in New York. The properties bought and sold through Africa Israel, its appraisers, its real estate developers, its agents, its management companies should not be ignored.

Jona Rechnitz worked for Leviev through Africa Israel, was deeply connected to him on the real estate side of Africa-Israel’s ventures and had access to Leviev’s connections, at last for some time post his employment. We do not believe that Rechnitz is a credible informant because he has too much to save with regard to his own skin.  

We believe that the pay to play scheme heavily reported and the use of aircrafts and prostitutes involved some of the same players, people Leviev would have known or had reason to know quite well. We believe that the investigators are missing simple dots for the “i’s” and crosses for the “t’s”.

We believe that it might behoove investigators in the US, attorneys representing alleged criminals in current trials and even those looking at not-so-kosher deals should be very curious regarding the current gag order in Israel. Such an order does not come easy there.

Finally, or perhaps not so finally, it should be noted that last week’s convention of Kinus Hashluchim is as much a fundraising event as it is a schmoozing and mixer for the wealthy and businessmen within the Chabad organization and even wealthy non-Chabad who have something to offer. The cellular phone activity at those events should not really be ignored by anyone paying attention. The photographs tell a 1000 words.  

THE DAILY NEWS, MARCH 12, 2018

Jeweler who donated to de Blasio got quick meeting about subsidizing diamond industry

A jeweler who has been a longtime donor to Mayor de Blasio hit up Hizzoner with the idea of subsidizing the diamond industry — and in minutes got a sitdown to discuss the proposal, records show.

 

Reuven Kaufman, the head of the Diamond Dealers Club of New York, sent an email to de Blasio at 9:21 p.m. on March 18, 2015, to talk about ways the city could help diamond manufacturing and support trade associations.

 

The mayor replied within eight minutes from his Blackberry email account, according to correspondences the Daily News obtained through a Freedom of Information Law request.

 

De Blasio thanked Kaufman for reaching out and cc’ed his aide Avi Fink, Deputy Mayor Alicia Glen and her then-chief of staff, James Patchett, instructing them to follow up with him.

“Alicia/James, please note that I have a long and positive relationship with Reuven, and know that he can provide us with real insight re: his industry,” he wrote.

Indeed, Kaufman has been a gem for de Blasio’s campaigns — ever since he first donated $1,000 in 2007 to de Blasio’s run for public advocate.

 

He and his family have donated a total of $41,075 to de Blasio’s war chest over the past decade, records show. Most recently, Kaufman, his wife and their two sons each gave the maximum contribution of $4,950 in January — after de Blasio already won re-election as mayor.

 

Between 2007 and 2012, the Kaufmans donated $21,275 to de Blasio campaigns.

“There was nothing sinister about this proposal,” Kaufman said last week when asked about the email exchange in 2015. “I was trying to help improve productivity and bring jobs to the city.”

 

In his initial email to de Blasio, Kaufman said he had read how the mayor wanted to bring back manufacturing to the city.

 

He explained how “unlike other diamond centers around the globe, the New York diamond industry receives no governmental support for its initiatives.”

Kaufman said that the city’s Diamond District has a highly skilled and coveted group of aging experts — but subsidies could help the next generation of manufacturers.

He ended his email by offering to accompany de Blasio on his upcoming trip to Israel.

 

“If you are planning to take along any business leaders, I would be proud and honored to accompany you,” Kaufman wrote.

 

Two hours after de Blasio’s reply, City Hall officials had set up a meeting with Kaufman for March 25. The rapid response even had Kaufman marveling.

Kaufman wanted to discuss ways the city could help diamond manufacturing.
Kaufman wanted to discuss ways the city could help diamond manufacturing. (© / Reuters/REUTERS)

“U work late. I’m impressed,” Kaufman wrote at 11:03 p.m. to Sonam Velani, a senior adviser to Glen who arranged the sitdown.

 

“Contrary to popular belief, government can be efficient!” Velani replied.

Last week, a mayoral spokeswoman maintained Kaufman did not receive any special treatment.

 

“Whether it’s someone who has the Mayor’s email address, or someone he meets on the subway or who calls into his radio appearances, it’s the Mayor’s job to refer people having an issue with city government to the appropriate people in city government,” said spokeswoman Melissa Grace. “And political supporters shouldn’t be barred from accessing their government.”

 

As for the meeting, Kaufman brought along one of his sons and two other Diamond Dealers Club honchos to the March 25 gathering with Velani and another unnamed EDC official.

 

EDC said that it only had one meeting with Kaufman and it didn’t lead to any subsidies.

Kaufman acknowledged his longstanding support of de Blasio but said the mayor has never done anything to help him.

 

“You can check all your records,” he said. “He has done nothing for me. I have not asked him for anything.”

 

Kaufman gave his first $1,000 donation to de Blasio through an intermediary, Yitzchok Fleischer, a powerful rabbi in Borough Park’s Bobov Hasidic community who was an early supporter of the future mayor.

 

After de Blasio won the mayoral race in 2013, Fleischer told Tablet Magazine he expected easy access to City Hall for helping him get elected.

“He owes me everything,” Fleischer said. “Without me he wouldn’t be anyplace.”

The News previously reported that Kaufman’s business is in a suite at 580 Fifth Ave. in the World Diamond Tower. The Diamond District building was a popular place for de Blasio to find donors.

 

To read the remainder of the article click here.

 

 

Does Leviev Diminish the Reputation of the Diamond Industry?

Leviev Case Another Blow To Diamond Industry’s Reputation

November 08, 18 by Albert Robinson

For the diamond industry in general – and the heads of the bourses and the trade organizations in particular – the news this week regarding six of diamond tycoon Lev Leviev’s relatives and employees being arrested in connection with diamond smuggling allegations is exactly the kind of report that keeps them up at night.

The industry endlessly discusses the importance of showing that it is clean and operating transparently which, in the vast majority of cases, it is. But the idea that diamonds are being moved around undeclared and sold without passing through the correct channels and without customs duties and other taxes being paid is, unfortunately, one that appears to be fairly widely held by the general public.

In a very unscientific survey, my neighbors, family and friends seemed completely unsurprised, as if to say, that’s what we assumed the business was all about. My responses were greeted with knowing smiles as if to say: nice try but we’re not buying it.

Needless to say, the news was all over the Israeli media, with Reuters in Israel also reporting the case for their clients all around the world.

For anyone who hasn’t been following the reports, Leviev’s son Zevulun and brother Moshe are accused of being involved in a smuggling operation that led to about 300 million shekels ($80 million) worth of diamonds being illegally brought into Israel since 2010.

Lawyers for Zevulun Leviev said the allegations against him were “baseless” and his arrest appeared to be a tactic to “illegitimately pressure his father”. Meanwhile, Moshe Leviev’s lawyer denied in court that his client had any connection to the allegations.

Meanwhile, Lev Leviev himself is wanted for questioning on suspicion of involvement in the diamond smuggling, but he currently lives in Russia and reportedly does not intend to come to Israel any time soon for questioning. Reports say that investigators believe Leviev fled to Russia from London, where he has lived in recent years, after learning of the investigation against him. Lev Leviev denies the accusations and suspicions against him.

The reports are all the more astonishing given Leviev’s meteoric career He started out at the age of 15 as a diamond polisher and built an extraordinary empire built on the diamond business and real estate. The global financial crisis of 2008 struck a heavy blow to his businesses, however.

It seems this story has a way to go yet. As Israeli daily Ha’aretz wrote: “Why his [Leviev’s] group might be involved in smuggling diamonds in the first place is unclear. A diamond company’s tax is based on sales turnover, not profit. Therefore, there is no tax advertising [advantage] in smuggling diamonds into Israel unless they were then smuggled back out, and the sale was registered in some third country with lower tax rates (such as Belgium or Dubai).

“One reason to smuggle could be that the stones were of dubious origin; either their seller had no license to market them; or they were mined illegally, for instance. In any case, bringing them into Israel without declaring them is illegal.

“Another unclear aspect is how this case will affect Israel’s diamond industry. On the one hand, Leviev is one of the biggest rough diamond importers in the country; his businesses supply work to dozens of other companies that polish and market the stones through the Ramat Gan Diamond Exchange. These companies employ hundreds of people. If his business hurts, so may dozens more. And this is not a good time for the Israeli diamond business: demand has been tanking and profits are down.”

Indeed, one can imagine there was a great deal of anger at the Israel Diamond Exchange at the reports which, in one fell swoop, might have caused inestimable damage to the country’s diamond business. And all the more unfair given the IDE’s serious work over the past few years to rehabilitate its image after the discovery of the operation of a so-called pirate bank from offices in the bourse half a dozen years ago.

Among the genuine and sincere efforts it has made to show that the diamond trade is composed of honest, hard-working diamantaires was the creation of a Code of Ethics signed just last year which seeks to place the Israeli exchange at the forefront of global practices in terms of proper administration and transparency.

The Code of Ethics outlines the principles by which members of the exchange operate, including responsibility, trust, fairness, integrity, expertise, tradition, business pragmatism and more, all in the framework of human dignity and the rule of law.

But, as the Indian diamond industry discovered at the start of this year, the work of thousands of companies and the livelihoods of tens of thousands of people, or more, can be affected by the selfish and egocentric actions of a few individuals.

A Diamond for Extradition, Smuggling? Leviev

Israel Police may seek billionaire’s extradition for diamond scam

The police said they will try to promote a joint investigation with the Russians, “as it is also in their interest.”

By Jack Gold, World Israel News

Israel Police investigators are considering requesting that Russia extradite billionaire businessman Lev Leviev, who has been implicated in the Yahalom Shachor (black diamond) affair, a multi-million illegal smuggling operation of diamonds into the country in recent years.

The affair was revealed Monday after six suspects were arrested in a suspected mass diamond smuggling operation into Israel.

The investigation revealed that a worker at one of Leviev’s factories in Russia smuggled a large number of diamonds worth millions of shekels to Israel when he arrived six years ago as a returning resident.

It is believed that the diamonds were sold in Israel without being reported to the tax authorities. In a raid conducted by detectives of the International Investigations Unit on the suspect’s home, hundreds of diamond-related shipping documents were found.

The suspects could be charged with diamond smuggling, money laundering, tax offenses and conspiracy to commit a crime, filing false business reports, and other offenses.

Leviev’s associates have already announced that he has no intention of returning to the country in the near future and that if police wish to interrogate him, they will have to travel abroad.

According to a report in Yedioth Ahronoth, the police have various orders allowing them to confiscate Leviev’s property as well as a warrant for his arrest if he returns to Israel. They will first try to conduct their investigation abroad, the report said.

The LLD Company, owned by Leviev, stated that it “has no knowledge of the incident reported in the media. Mr. Leviev and the companies under his control act in accordance with the proper norms and in compliance with the law. We hope that the matter will soon be clarified and the suspicions will prove baseless.”

Kan News reported that police investigators say that the trail in this scam leads to Leviev, who is the main benefactor of the sting. If he were in Israel now, he would have been arrested, they said.

The court on Monday extended the remand of the suspects currently in custody, including Leviev’s son and brother. In his decision, the judge wrote that the evidence points to a reasonable suspicion regarding each of the suspects.

The police said they will try to promote a joint investigation with the Russians, “as it is also in their interest.”