Friday, June 3, 2011

Death of an Israeli tycoon involved in a scandal with Iran

Israeli magnate Sammy Ofer, 89, who headed the Israeli Ofer conglomerate involved in a scandal for trading with Iran, a declared enemy of the Jewish state, died at his home Friday morning the media reported Israel. According to public radio, Sammy Ofer, whose capital is estimated at more than $ 10 billion, died in Tel Aviv following a long illness.

His death comes after a series of revelations about alleged links Ofer group with Iran, fueling a lively debate on the juicy profits in the guise of espionage. The United States has placed the group on an Israeli blacklist because he sold in September 2010 a tanker for $ 8.6 million to the shipping company IRISL Iran (Islamic Republic of Iran Shipping Lines) in violation of the international embargo imposed on Teheran for its controversial nuclear activities.

Moreover, according to Israeli media, at least 13 oil group were wet in Iran over the past decade. Born in Romania, residing in Monaco, Sammy Ofer has built a business empire comprising including Zim shipping company, construction companies and participation in a major Israeli banks.

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