Israel Police Suspect Theft of Around $60M of Diamonds By Hanan Abramovich
Police in Israel are investigating allegations of a huge diamond theft at the Israel Diamond Exchange (IDE) which could reportedly lead to the bankruptcy of around 10 Israeli diamond companies.
Veteran diamond dealer Hanan Abramovich is suspected of stealing the diamonds and was arrested on Tuesday (April 19). Media reports say that the theft relates to diamonds valued at around $60 million.
The Israeli media did not provide the names of companies that have been allegedly affected by Abramovich's actions.