Vice president of Israel’s diamond exchange detained in Budapest

Police in Budapest, Hungary, have arrested the vice president of Israel’s diamond exchange, a law enforcement official said Tuesday, The Associated Press reports.

Laszlo Garamvolgyi, a police spokesman, reportedly said that Avraham Traub was detained Thursday at Budapest international airport on a warrant issued by Interpol at the request of Russian authorities.

“We placed him in custody while he awaits deportation on the basis of an international arrest warrant,’ Garamvolgyi reportedly said, declining to give details of how long the deportation process might take.

Traub, who holds Israeli and Russian citizenship, was suspected of smuggling uncut diamonds out of Russia, Garamvolgyi reportedly said. He offered no further details.

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