Antwerp Diamond Bank dismantled to cover up sins of KBC Bank: Report

Around the time it shut shop at the end of last year, the Antwerp Diamond Bank (ADB) had about US $1.85 billion in outstanding loans to the diamond industry. Much of the current squeeze in bank finance to the diamond industry today is attributed by analysts to the exit of the ADB. Now, veteran industry analyst Chaim Even-Zohar’s investigations reveal that some key people....Read More