Arcadi Gaydamak begins prison term in France

Arcadi Gaydamak

Gaydamak was sentenced to a three-year term for tax offenses and money laundering.

Adv. Israel Shalev, the legal representative of Arcadi Gaydamak, today said that after contacting law authorities in France, Gaydamak had presented himself to serve the sentence imposed on him.

According to Shalev, the Paris Appeals Court had acquitted Gaydamak on most of the illegal arms trading charges against him in the Angolagate affair, and had convicted him only of a tax violation and related money laundering charges. Gaydamak was sentenced to three years.

Shalev stated, "Gaydamak, a dual French and Israeli citizen, has taken care of all his tax debts in France, and is now going there to completely finish with this affair. Gaydamak will thereby fulfill his civic duty to the law authorities in France for a tax violation he committed 20 years ago."

Published by Globes [online], Israel business news - www.globes-online.com - on November 24, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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Arcadi Gaydamak
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