Israel Police are investigating serious allegations of a huge diamond theft at the Ramat Gan Diamond Exchange, which could cause the bankruptcy of up to a dozen diamond companies. The suspicions center on veteran diamond dealer Hanan Abramovich who is suspected of stealing the diamonds.
Details of the investigation indicate that diamonds valued at $60-65 million are involved. The allegations are that Abramovich did not pay for the diamonds that he had passed on. The investigation is being carried out by the Tel Aviv Police Fraud Squad and Abramovich is expected to be formally arrested for his involvement in the affair.
© Copyright of Globes Publisher Itonut (1983) Ltd. 2019