Beny Steinmetz’s bribery trial to begin Monday
Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.
(Image from Beny Steinmetz’s website)
Billionaire Israeli businessman Beny Steinmetz goes on trial facing bribery charges in Geneva on Monday. The owner of BSG Resources and two others are accused of paying the wife of Guinea’s deceased former president Lansana Conte $8.5 million to secure the concession rights to the vast Simandou iron ore project.
“It’s a big deal as one of the very few big corruption cases that has gone all the way to court in Switzerland and one of the first times a criminal court will rule on Steinmetz as an individual,” David Muehlemann, a policy analyst at Swiss corporate governance watchdog Public Eye told Bloomberg.