Steinmetz bets on Brazilian investigation against Vale
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.
Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil’s authorities in his battle against Vale.
In January, the billionaire businessman was found guilty of bribing a public official to secure the giant Simandou iron-ore mine in Guinea. He was sentenced to five years, but his lawyers say they will appeal all the way to the Supreme Court.
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