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'Angolagate' businessman freed after Swiss detention

Arcady Gaydamak, the wealthy Franco-Israeli businessman wanted in France over alleged involvement in an Angolan arms sales scandal, has been freed after two weeks in a Swiss prison, a report said Wednesday. Gaydamak, who was detained in a Geneva prison, left Switzerland on board a private plane for Israel, according to a newspaper report which was confirmed by a source close to him.

France seeks extradition of Israeli tycoon detained in Switzerland

GENEVA - Swiss officials say France is seeking the extradition of a wealthy Israeli businessman who was arrested in Switzerland last week. Arkady Gaydamak was sentenced in absentia to six years in prison by a French court in 2009, for masterminding the trafficking of Soviet-made weapons to Angola during a civil war in the 1990s. Geneva prosecutors say Gaydamak, who also has French citizenship, was arrested Nov. 19 in Zurich on an unrelated matter.

Detained 'Angolagate' tycoon seeks Swiss bail

Fugitive tycoon Arkady Gaydamak has asked the Swiss authorities to grant him bail, a week after he was arrested for alleged breach of financial trust, a prosecutor told AFP Tuesday. Geneva prosecutor Dario Zani said justice authorities would rule on the request "over coming days", and added that Franco-Israeli citizen Gaydamak had also sought to claim immunity as an Angolan diplomat. Gaydamak, 61, is wanted in France for his role in the 1990s "Angolagate" scandal over illegal arms sales to the African nation during its civil war. pjt-jwf/lc

'Angolagate' businessman arrested in Zurich: judicial source

Arcadi Gaydamak, the wealthy Franco-Israeli businessman who was implicated in a scandal over arms sales to Angola in the 1990s, was arrested in Switzerland, a judicial source told AFP Tuesday. Without naming Gaydamak, the source confirmed that a holder of joint Franco-Israeli passport, of Russian origin and implicated in the so-called "Angolagate" scandal had been detained in Zurich.

French court acquits Total in Iraq 'oil-for-food' corruption case

A French court on Monday acquitted energy giant Total, its chief executive, a former minister and more than a dozen other defendants of corruption charges in connection with Iraq's oil-for-food programme. The court ruled there had been no corruption, influence-peddling or misuse of assets linked with the $64 billion (50 billion euro) UN programme that allowed Iraq, then under crippling international sanctions, to sell limited quantities of oil to buy humanitarian supplies between 1996 and 2003.

Angolan president named in dodgy Russian deal

An anti-graft body says it has new evidence that Angolan President Jose Eduardo dos Santos received millions in kickbacks in the late 1990s, part of an allegedly dodgy debt repayment deal between Angola and Russia. London-based Corruption Watch on Tuesday released a report detailing the involvement of Dos Santos, top oil officials and politicians in syphoning money off debt repayments to Russia through a middleman. This new evidence was presented to prosecutors in Berne, Switzerland on Friday.

Iraq oil-for-food trial opens in France

The oil-for-food program operated in Iraq between 1996 and 2003 and was meant to ease the suffering of the Iraqi people by allowing the country to sell some of its oil, despite the embargo imposed after the first Gulf War.
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