Arkady Gaydamak

Press Release


June 18, 2012, New York, NY -  
Adalah-NY released new photos today showing that Israeli billionaire Lev Leviev’s flagship company, Africa Israel (AI), continues to build Israeli settlements, despite a November 2010 AI statement that it was not involved in settlement construction. Adalah-NY also revealed that US pension giant TIAA-CREF, already the target of a campaign calling for divestment from Israeli occupation, has renewed its investments in AI after selling its shares in 2009. Campaigns targeting Leviev and TIAA-CREF are part of the growing movement for Boycott, Divestment and Sanctions (BDS) against Israel until it ends its violations of Palestinian rights.

Riham Barghouti from Adalah-NY explained, "Despite a facade of transparency, philanthropy, and glamour, Leviev's companies, including Africa Israel, continue to violate international law by building Israeli settlements and engaging in unethical business practices in Africa. Investors like TIAA-CREF, organizations like the Fashion Institute of Technology and the Breast Cancer Research Foundation, and celebrities like Daphne Guinness should boycott Leviev's companies rather than abetting their human rights abuses."