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Vol 53 No 16

Published 3rd August 2012


Secrets are not forever

The Gaydamak case exposed details of profit-taking in the diamond business that the government might have preferred to remain unseen

Russian-Israeli billionaire Arkady Gaydamak failed to convince the London High Court he had a case against diamond-dealer Lev Leviev in mid-June. Ever since, analysts have been poring over the unprecedented detail contained in the evidence about how Angola manages its diamond trade for the benefit of certain oligarchs and members of the elite.

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