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Beny Steinmetz found guilty of corruption
Swiss court sentenced Israeli billionaire to five years National / TRD Staff
A Geneva court has found Israeli billionaire Beny Steinmetz guilty of corruption.
Steinmetz, who is reported to be a silent backer of New York real estate, was sentenced to five years in jail for paying bribes to a Guinean public official in order to secure rights to an iron-ore mine.
The official, Mamadie Toure, is the wife of Guinea’s late former president, Lansana Conté. Steinmetz’s lawyer denied the tycoon had been involved in any payment, according to Bloomberg News.
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Beny Steinmetz sentenced to five years in bribery scandal
Diamond mogul is silent New York real estate backer, involved with HFZ New York / TRD Staff
Beny Steinmetz (Getty)
Romania’s Supreme Court has handed down a five-year sentence to billionaire Beny Steinmetz, a reported silent backer of New York real estate.
The decision overturns a lower court’s June 2019 decision to acquit Steinmetz and partner Tal Silberstein, a media consultant.
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The higher court ruled that the pair collaborated with a Romanian businessman and the grandson of the country’s former king in an attempt to defraud the state, Haaretz first reported.