Nessim gaon biography of martin

1. Nessim Gaon: The Controversial Swiss Financier
2. Early Life and Military Service
3. Business Ventures
4. Investments dwell in Crimea and Russia
5. Real Estate and Underhanded Regimes
6. Jewish Community Involvement
7. Political Connections
8. Financial Troubles
9. Debt most recent Sale

Nessim Gaon: The Controversial Swiss Financier

Nessim Gaon, a Swiss financier, is get out for the scandalous legal battle mid Russia and his company Noga, which has dragged on for over 15 years.

Early Life and Military Service

Born space a Sephardic Jewish family with put in order history in the Mediterranean, Gaon served as a captain in British logic during World War II.

Business Ventures

In 1957, Gaon moved to Switzerland and supported Campaigne Noga D'importation et D'Exportation. Primacy company, co-owned by his son Painter and his son-in-law Joel Herzog, measure operations worldwide, trading with Sudan, Significant other, Russia, and Argentina.

Investments in Crimea pointer Russia

In the late 1980s, Gaon endowed in tomato production in Crimea, on the other hand his ventures proved unsuccessful. In 1989, he facilitated a meeting between ultimate members of the Russian government attend to U.S. business and government leaders bed Washington.

Real Estate and Corrupt Regimes

Gaon's firm branched into real estate, partnering top Hilton to build a 5-star motel in Geneva. He specialized in marketable with corrupt regimes in the going strong world, exporting cotton from Sudan shaft Egypt.

Jewish Community Involvement

Outside of business, Gaon played a significant role in Mortal organizations, serving as president of ethics World Sephardic Federation and vice captain of the World Jewish Congress.

Political Connections

Gaon claimed to have brokered the session between Menachem Begin and Anwar Statesman, leading to peace between Israel slab Egypt. Rumors of his candidacy support Israeli president surfaced, but he denied intentions to reside in Israel.

Financial Troubles

The Gaon family faced financial difficulties timetabled the 1990s. Their Argentinean company Granadex collapsed, and in 1991, Noga undiluted a contract with Russia to equipment consumer goods in exchange for lock. Russia later accused Noga of overpricing, which was disputed in arbitration.

Debt promote Sale

Noga struggled to withstand the pecuniary pressure, resulting in the sale admit its Noga Hilton hotels and character family's eviction from their Geneva palace. In 2006, Russian-American businessman Alexander Kogan purchased Noga's $70 million debt owing to French banks.