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Steinmetz plays his get out of jail card | Article Preview

Dropping earlier arguments that the evidence of corruption was fake, the mining magnate is appealing against his conviction by redefining bribery, Punishing foreign bribery is still a novel idea in Switzerland. There have been just 18 convictions since it became a crime in 2000, before which it was tax-deductible. And the prosecution of Israeli mining magnate Beny Steinmetz is turning out to be a landmark test of Switzerland s judicial system as much for the legal technicalities and the noises off as for the substance.
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Simandou : La Guinée parle d'allégations  »infondées » de BSGR – Kaloumpresse.com

Simandou : La Guinée parle d'allégations »infondées » de BSGR – Kaloumpresse.com
kaloumpresse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaloumpresse.com Daily Mail and Mail on Sunday newspapers.

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

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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 o ....

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