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Magnate israelí de los diamantes condenado a cinco años de prisión en Suiza

Magnate israelí de los diamantes condenado a cinco años de prisión en Suiza
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BSRG in Guinea: Part 4 – Lessons Learned | Thomas Fox

To embed, copy and paste the code into your website or blog: This week I have been exploring and reviewing the Beny Steinmetz guilty verdict in a Swiss court for bribery and corruption in the obtaining of mining rights in Guinea.  As reported by the BBC, the corruption was engaged in by the Beny Steinmetz Group (BSRG) which paid $2m to Mamadie Touré, fourth wife of the then Guinean President, Lansana Conté, to help it secure rights to mineral deposits back in 2007. The corruption was memorialized in contracts which specified for BSRG to make payments and transfer shares in the mine to her. To monetize those rights BSRG then sold 51% of the mining rights to the Brazilian company Vale for some $2 billion. Today I want to conclude with some lessons learned for the compliance professional in this sordid tale.

BSRG in Guinea: Part 3 – The Vale JV | Thomas Fox

To embed, copy and paste the code into your website or blog: This week I have been exploring and reviewing the Beny Steinmetz guilty verdict in a Swiss court over the weekend for bribery and corruption in the obtaining of mining rights in Guinea.  As reported by the BBC, the corruption was engaged in by the Beny Steinmetz Group (BSRG) which paid $2m to Mamadie Touré, wife of the then Guinean President, Lansana Conté, to help it secure rights to mineral deposits back in 2007. The corruption was memorialized in contracts which specified the agreements for BSRG to make payments and transfer shares in the mine to Mamadie Touré. As the quid pro quo for these commission payments, Mamadie Touré would take all necessary steps to have BSRG awarded the rights to the Simandou deposit, which had been previously awarded to Rio Tinto. Additionally, a further $2m would be dispersed among other people to facilitate the acquisition of the rights.

BSRG in Guinea: Part 2 – The Trial | Thomas Fox

To embed, copy and paste the code into your website or blog: As reported by the BBC, Beny Steinmetz was found guilty, in a Swiss court over the weekend for bribery and corruption in the obtaining of mining rights in Guinea. Steinmetz is the founder and President of BSRG.  Yesterday, I detailed the contracts between BSRG and Mamadie Touré which purported to show the amounts of money paid, the schedule of payments and wiring instructions. Today we look at the allegations made at trial, the defenses raised, the verdict and its aftermath. Allegations According to the New York Times (NYT), the allegations “centered on alleged payouts of millions of dollars to a former wife of an ex-president of Guinea, Lansana Conté, who died in 2008. The trial exposed the shady and complex world of deal-making and cutthroat competition in the lucrative mining business.” The corruption was engaged in by the Beny Steinmetz Group (BSRG) which paid $8.5 million to Mamadie Touré, wife of the then G

Tournons La Page se dit satisfaite de la condamnation de Beny Steinmetz

Tournons La Page se dit satisfaite de la condamnation de Beny Steinmetz
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