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Last update - 18:55 20/12/2008
Is Russian-Israeli tycoon Arcadi Gaydamak leaving Israel for good?
By Guy Liberman, TheMarker Correspondent
Tags: arcadi gaydamak, israel news

Russian-Israeli businessman Arcadi Gaydamak is in the process of selling off several of his properties in Israel, TheMarker has learned.

Gaydamak has put his Caesarea home up for sale. His representatives last week asked several Caesarea real estate agents to look for potential buyers for the property.

The mogul has also listed his Herzliya home at an asking price of $4-$4.5 million.
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Gaydamak is also trying to sell off the main property he owns in Israel - Bikur Cholim Hosiptal in Jerusalem, which he bought about two years ago for $32 million. Senior hospital officials refuse to reveal who the potential buyers are and what the asking price is.

The troubled tycoon has in recent months suffered steep financial losses, which have forced him to sell off a number of his business holdings.

He has been embroiled in an investigation against him for alleged fraud and money-laundering through Bank Hapoalim.

Related articles:
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  • How to lose half a billion shekels in a year and a half
  • Gaydamak to be indicted for fraud and money laundering
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