JERUSALEM (AFP) - Right-wing Israeli-Russian billionaire Arkady Gaydamak has said he planned to create a new political party to focus exclusively on socio-economic issues.The AFP story doesn't say that Gaydamak is wanted in France and under investigation in Israel.
"I intend to create a new party within one month after having examined all the bureaucratic procedures," Gaydamak told AFP.
"The state of Israel is passing through a major crisis because it is being managed by some inefficient people."
"As an Israeli citizen I consider this my duty," he added. "I have certain experience in political, economic and social affairs."
Gaydamak, a long time ally of right-wing Likud party leader and former prime minister Benjamin Netanyahu, said his own polling showed he had broad support from Israel's large Russian minority and could count on between 25 and 30 percent support in a nationwide vote.