Teddy Sagi is said to have been targeted after accruing hefty debt with Russian business partners

In a shocking twist of fate, Israeli-Cypriot billionaire and Playtech founder Teddy Sagi, has escaped with his life after being warned by Cypriot authorities about an assassination attempt in Cyprus last week.?

Israel’s Channel 12 news reports that Sagi was targeted by his Russian business partners after raking up substantial debt. It is claimed that an Azerbaijani hitman – who, according to Walla News, also holds a Russian passport, was waiting to meet him. Sagi has since fled the country after receiving the last minute reprieve.

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.

Sagi is also well known in business circles as the face of London’s Camden market – which he owns. According to Forbes, Sagi is worth $5.6 billion, and is the fourth richest person in Israel.

Story from timesofisrael.com.

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