Wednesday, October 28, 2009

Did Leviev's Empire Succumb to Boycott?

Shir Hever
On 31 August 2009, Lev Leviev, the sixth richest Israeli according to Forbes Magazine, convened a press conference and announced that his company Africa Israel will be unable to meet its financial obligations and repay its debts on time.
Leviev's debt is estimated at nearly Euro 1.4 billion. While this tycoon said in August2008 that "I will meet all of my obligations, to the last penny," he admitted in the latest press conference, one year later, that he made serious investment mistakes.
Global BDS Movement

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