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You are here: Home / News / Ex-Israeli intelligence operatives settle dispute with Tchenguiz

Ex-Israeli intelligence operatives settle dispute with Tchenguiz

April 22, 2013 //  by Sebastian O'Kelly

The spectacle of Vincent Tchenguiz publicly falling out with his team of former Israeli intelligence operatives has come to an end, with the latter describing themselves as “very happy” with the settlement.

Black Cube launched an action against Tchenguiz in the UK for £330,000 plus interest for work carried out for the tycoon following his arrest by the Serious Fraud Office in March 2011. It also claimed that it should have been paid one per cent of any successful litigation initiated by Tchenguiz and have a cut in a movie deal about Tchenguiz’s arrest.

Details about “Tchenguiz: The movie” are tantalisingly sketchy, however.

The tycoon, who controls one per cent of residential freeholders and used to own Peverel, the country’s largest property manager, is after £300 million compo – with his brother Robert – from British taxpayers.

Last week, in the House of Commons Sir Peter Bottomley, Tory MP for Worthing West, said: “I would have thought that a handshake and an apology would solve that,” adding ominously that “A whole series of other issues should, I believe, be fully examined under parliamentary privilege.”

The statement from Black Cube reads:

“Black Cube has withdrawn its proceedings in England against Vincos [the company that advises the Tchenguiz Family Trust] and Vincent Tchenguiz. Vincos has withdrawn its proceedings in Israel against Black Cube. The parties disputes have now been settled through a third party dispute resolution process. Neither party will make any further comment.”

Avi Yanus, chief financial officer of Black Cube, was asked whether he was happy or very happy with the settlement. “Very happy,” he replied.

Related posts:

Tchenguiz falls out with his ex-Israeli intelligence operatives … and now they are suing each other Tchenguiz’s Israeli ‘military intelligence’ operators Black Cube ‘were employed by Harvey Weinstein over sex accusations’ Default ThumbnailTchenguiz gets a reprieve from Lloyds Bank Default ThumbnailGrant Thornton had ‘direct interest’ in the Tchenguiz arrests, which should have been revealed Default ThumbnailBattersea MP told to stay out of Plantation Wharf dispute

Category: NewsTag: Black Cube, Tchenguiz, Vincent Tchenguiz

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Comments

  1. Michael Epstein

    April 25, 2013 at 8:06 pm

    That Vincent Tchenguiz has settled his dispute with Black Cube is no surprise.
    I wonder what would have been revealed in any court case?

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