Wednesday, August 26, 2009

Settlement builder Leviev dealt divestment blow

Press release, Adalah-NY, 25 August 2009

"In another stunning blow to Israeli settlement-builder Lev Leviev, the Israeli business magazine Globes Online has reported that BlackRock Inc., one of the world's largest investment management firms, has divested from Leviev's Africa-Israel Investments. The Globes article follows a similar report by the Norwegian news service Norwatch. The move comes after a nearly two-year-long global boycott campaign of Leviev's businesses that developed in response to the billionaire's construction activities in at least four Israeli settlements in the occupied West Bank, all of which violate international law, and his abusive labor practices in the diamond industry in Angola and Namibia......"

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