Israeli billionaire escapes attempted assassination in Cyprus — report

Azerbaijan national with a Russian passport was reportedly lying in wait for Teddy Sagi, who fled the country after being tipped off

Teddy Sagi (Courtesy)
Teddy Sagi (Courtesy)

An Israeli billionaire was saved at the last minute from an assassination plot in Cyprus several days ago, after being warned about the attempt, Channel 12 news reported on Sunday. The man was later named as Teddy Sagi, a well-known Israeli-Cypriot businessman who founded the gambling software company Playtech and owns Camden Market in London.

According to the report, Sagi, 49, was the target of an assassination plot in Cyprus due to debts he owes to Russian business partners. A hired killer of Azerbaijani origin was reportedly waiting for Sagi there. According to Walla News, the assassin holds a Russian passport.

But Sagi fled the country at the last minute, after receiving a warning of the plot from authorities, reported Channel 12. According to Ynet, the assassin was arrested in Cyprus days later, after he crossed the Agios Dhometios checkpoint in Nicosia from the Turkish-ruled northern part of the country.

The attempted attack was originally thought to be an Iranian plot to target Israelis, but authorities now believe it was specifically against Sagi, and Iran may not be involved at all. According to Forbes, Sagi is worth $5.6 billion, and is the fourth richest person in Israel.

Cyprus is home to about 3,500 Jews. It is a particularly popular vacation destination for Israelis, at less than an hour’s flight from Tel Aviv.

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