Russian fugitive buys 20 percent of Israeli daily

AP News
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Posted: Jun 12, 2011 2:31 AM
Russian fugitive buys 20 percent of Israeli daily

Russian-born tycoon Leonid Nevzlin, a former business partner of jailed Russian oil baron Mikhail Khodorkovsky, has bought a 20 percent stake in the dovish Haaretz daily for 140 million shekels ($41 million).

The deal leaves the paper's founding Schocken family with a 60 percent share. Germany's DuMont Schauberg publishing company holds the remaining equity.

Haaretz said Sunday that the cash injection would let it invest in unspecified "new technological opportunities."

Nevzlin immigrated to Israel in 2003 after the Russian government started going after Yukos, the oil company he and Khodorkovsky created.

In 2008, he was convicted in Russia in absentia of conspiring to murder.

Israel deemed the evidence against him invalid and refused Moscow's request to extradite him.