Steinmetz sentenced to 5 years in jail in Swiss bribery case
Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea. (
Israeli diamond and mining tycoon Beny Steinmetz was found guilty of bribing a public official to secure an iron-ore mine in Guinea worth billions of dollars.
Steinmetz was sentenced to five years by Judge Alexandra Banna in a Geneva court Friday. He was partially acquitted on forgery charges in the case.
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Steinmetz and two colleagues were convicted of paying bribes of $8.5 million to Mamadie Toure, the wife of Guinea’s deceased former president Lansana Conte to help secure rights to the giant Simandou iron-ore mine.