Subscribe to Print Edition | Fri., September 19, 2008 Elul 19, 5768 | | Israel Time: 02:27 (EST+7) web haaretz.com   Back to Homepage Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate Easy Start Travel Week's End Anglo File

Williger accuses Gaydamak of failing to provide mortgage to back $4.5m loan By Hila Raz and Yuval Maoz Businessman Zwi Williger and his wife Ravit filed a NIS 17 million claim in the Tel Aviv District yesterday against tycoon Arcadi Gaydamak, saying that Gaydamak had received a 45-day, $4.5 million loan early this month, promising his home in Caesarea as collateral - which he failed to provide. The Willigers say that Gaydamak undertook to mortgage his villa and register a mortgage caveat on the property in favor of the couple within eight days of signing the agreement. Because the caveat has not been registered, nor has Gaydamak provided the necessary documents for registering the mortgage, he is in breach of the loan terms. According to the claim, the agreement was signed about two and a half weeks ago. Advertisement The Willigers say that the NIS 16.2 million loan to Gaydamak was transferred to him through his company Ameris Holdings. According to the loan agreement, Gaydamak was supposed to pay interest of 1.5% for the entire loan period (45 days), or NIS 243,000, and an allocation fee of another NIS 243,000, the couple claims. According to the court claim, the loan agreement stipulated that if the registrations were not executed according to the agreed-upon timetable, the loan, interest and allocation fee would be payable immediately, with an additional monthly interest of 3% for the period beginning on the date of the breach and until the loan is repaid. The Willigers say that although Gaydamak has been notified that the mortgage has not been registered as agreed, and the loan is to be repaid immediately, Gaydamak has not responded or paid any part of his debt. Last year, the former controlling shareholders of Willi-Food sold 45% of their holding in the company to Gaydamak at a 70% premium. Bookmark to del.icio.us   Criticizing the world Desmond Tutu suggested the West does not admonish Israel because of the Holocaust. Ahmadinejad attack Ahmadinejad lashes out against Israel again, saying it won't survive in any shape or form.

Read & React Livni declares victory, says 'will approach this job with great reverence' Responses: 108 Gideon Levy: Arabs who back Kadima, Likud, and Labor are sellouts Responses: 89 Ahmadinejad: Israel won't survive in any shape or form Responses: 112 Neri Livneh: Tzipi Livni is Israel's Barack Obama Responses: 58 Israel Harel: How Israel caused the Oslo Accords to fail Responses: 60 More Headlines 23:48 Day after losing Kadima race, Mofaz announces 'time out from politics' 00:03 Netanyahu: Israel's citizens, not Kadima voters, must choose PM 01:48 Mofaz supporters blame disqualified Rahat votes for loss to Livni 02:05 UN official urges next Israeli government to stop settlement expansion 02:19 Obama wishes happy Rosh Hashanah to 900 rabbis 00:23 Pope Benedict: Pius XII 'spared no effort' to help Jews during WWII 00:24 Tutu: World doesn't criticize Israel because of the Holocaust 23:14 General Assembly chief: UN must adopt 1947 resolution on partition of Palestine 21:04 ANALYSIS / Tzipi Livni is Israel's Barack Obama 17:38 Police, IDF complete evacuation of illegal outpost of Yad Yair 18:31 500 Palestinian security force members head to Jordan for U.S.-funded training 18:58 Ahmadinejad: Israel won't survive in any shape or form 22:55 Condoleezza Rice, Hillary Clinton congratulate Livni on Kadima victory 20:39 Danish T-shirt company convicted of supporting Palestinian terror group Previous Editions Select Day 18 sep 17 sep 16 sep 15 sep 14 sep 12 sep 11 sep 10 sep 09 sep 08 sep 07 sep 05 sep

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