Billionaire Leonid Nevzlin buys large share of 'Ha'aretz'

June 12, 2011 10:28

Leonid Nevzlin became the newest owner of the Israeli daily, Ha'aretz, after buying a 20% share of the company, it was reported Sunday. Nevzlin, 51, made his fortune in the Russian oil and gas industry as an executive of the Yukos petroleum company.

Several Yukos executives, including Nevzlin, were tried and convicted in the past decade of a long list of crimes, including tax evasion and murder, in what the international community at-large considers "show trials" orchestrated by the Kremlin and Russian Prime Minister Vladimir Putin.

Since coming to Israel in 2003, Nevzlin has been active in philanthropic work, including founding The Leonid Nevzlin Research Center for Russian and Eastern European Jewry located at Jerusalem's Hebrew University. Nevzlin is also a former president of the Russian Jewish Congress.

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