Erez Daleyot

Last updated
Erez Daleyot
Nationality Belgian-Israeli
Occupation(s)Businessman, diamond dealer
OrganizationD.D. Manufacturing

Erez Daleyot (born circa 1956) [1] is a Belgian-Israeli diamond dealer, who may have once controlled one-third of all trade in diamonds worldwide. [2] In April 2022 he was arrested in Zimbabwe for suspected tax evasion in South Africa. [1]

Contents

Career

Early career to 2015

In September 2004 he was owner and managing director of DD Manufacturing Group of Companies (DDM), and that month he purchased the company Jacob & Co. [3] In 2005, he reported $886 million in revenue. [4] In 2006, after the arrest of New York-based diamond dealer Jacob Arabo (known as "Jacob the Jeweler") on charges of laundering $270 million in drug money, it was reported that Daleyot was one of his financiers and owned 50% of his jewellery business. Haaretz reported that Daleyot was operating out of Antwerp and had annual sales topping $200 million according to Israeli estimates. It also wrote that "Daleyot and Belgian Jewish partner Maurice Tempelsman are both known for their integrity, so it is unlikely that they knew of Arabov's alleged illegal activities." [5]

In January 2011 he was officially group CEO of DD Manufacturing. [6] In 2011, he was accused of participating in a theft scheme with two banks, KBC Bank and Antwerp Diamond Bank, of $135 million, by diamond dealer Lazare Kaplan. The lawsuit filed in New York did not name him as a direct defendant. [7] In 2011, he flew in his private jet to South Africa. Prior to that, he had been a representative of De Beers, the world's largest diamond dealer. [8]

2014 to 2023

In 2014, he was "cut off" from De Beers, and his own businesses began to suffer. When a court-appointed administrator appeared in his offices to oversee bankruptcy, then a floor of the Antwerp World Diamond Center, the offices were described as essentially empty. Diamonds and assets were described as missing, with Daleyot leaving a debt of €360 million. By 2021, the bankruptcy matter was to be settled in Antwerp in October 2021. [8]

In December 2015, Daleyot was arrested in Johannesburg on fraud charges, and released on bail. [2]

In February 2016, the Antwerp Court of Appeals declared his former company, D.D. Manufacturing, bankrupt, owing about $230 million, while Daleyot was allegedly "hiding out in Israel or South Africa". [9] In April 2022 he was arrested in Zimbabwe for evading taxes in South Africa. [1]

Personal life

In 2011, he had a personal home in Wilrijk, regularly visiting South Africa, New York, and Tel Aviv. He had an art collection with works by artists such as Andy Warhol and Jeff Koons. That year, he moved to South Africa. [8]

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References

  1. 1 2 3 "Flamboyant crook Erez Daleyot, former Antwerp diamond dealer, arrested in Zimbabwe", DHNET, 04-17-2022
  2. 1 2 Watson, Amanda (27 June 2016). "The hotel bill, the diamond rascal and Jomo Sono". The Citizen . Archived from the original on 29 November 2020. Retrieved 20 March 2019.
  3. ↑ "DD Manufacturing Buys Control of Jacob & Co.", Rapaport, 09-23-2004
  4. ↑ "Diamond Dealers in Deep Trouble as Bank Documents Shine Light on Secret Ways", ICIJ, 02-09-2015
  5. ↑ Cohen, Ora (20 June 2006). "Diamond Dealer Nabbed With Detroit Drug Ring". Haaretz . Retrieved 20 March 2019.
  6. ↑ "Sightholder Allowed to Open Sight", JCK, 01-19-2011
  7. ↑ "Diamond dealer sues two Belgian banks", Financial Times, 12-23-2011
  8. 1 2 3 "Diamond dealer who fled to South Africa left debt of €360 million", Brussels Times, 09-24-2021
  9. ↑ "Fugitive Diamond Dealer Leaves Behind $230 Million Mountain of Debt". The Diamond Loupe. 25 February 2016. Archived from the original on 26 November 2020. Retrieved 20 March 2019.
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