Israeli businessman and diamond dealer Lev Leviev has been awarded close to $200 million by a New York arbitration panel over the corporate split from his former business partner Moti Klein of Julius Klein Group. the ruling has now being submitted to the New York courts for ratification. Sources close to the case say that Klein will pay Leviev close to $200 million while the "New York Post" said the sum is "well north of $100 million." RELATED ARTICLES Africa-Israel completes sale of 65% of AFI to Leviev Going concern warning for Africa Israel Leviev to inject NIS 500m into Africa-Israel The injection of capital comes at a welcome time for Leviev and his ailing real estate company Africa-Israel Investments Ltd. (TASE:AFIL). He recently acquired personal control of AFI Development plc (LSE:AFID), Africa-Israel's main investment arm in Russia while also opening talks on a second and large debt settlement for Africa-Israel's bonds. Capital market sources say that the acquisition of AFI Development was a huge drain on Leviev's personal wealth. Lev Leviev's spokesperson declined to comment. Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
