Billionaire’s son and brother held in Israeli diamond smuggling case
07 Nov 2018

The son and brother of Israeli billionaire diamond magnate Lev Leviev are 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 and brother Moshe are 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.

– By Ari Rabinovitch, Reuters, 6 November 2018.

Link to Reuters.

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