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Beny Steinmetz has been found guilty of corruption and sentenced to five years in prison.A Swiss criminal court convicted the Israeli mining tycoon of bribing officials in Guinea in a 2008 deal to

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BBC News By Imogen Foulkes image copyrightCopyright © 2016 Rio Tinto image captionThe Simandou mines are thought to have some of the most valuable untapped iron ore deposits in the world Israeli businessman Beny Steinmetz has been given a five-year jail sentence by a court in Geneva, in a trial described as the mining sectors biggest-ever corruption case. The trial threw a spotlight on an often murky struggle for control of Africas natural resources. Steinmetz, a former diamond magnate who als...

news Verdict for tycoon in historic mine corruption trial © Copyright © 2016 Rio Tinto The Simandou mines are thought to have some of the most valuable untapped iron ore deposits in the world Israeli businessman Beny Steinmetz has spent two weeks on trial in Geneva, in a case being described as the mining sectors biggest-ever corruption case, and one that shines a spotlight on an often murky struggle for control of Africas natural resources. Mr Steinmetz, a former diamond magnate who also h...

Israeli diamond tycoon convicted in Swiss corruption trial by Jamey Keaten, The Associated Press Posted Jan 22, 2021 11:43 am EDT Last Updated Jan 22, 2021 at 11:44 am EDT GENEVA — A Geneva court on Friday convicted Israeli diamond and minerals magnate Beny Steinmetz on charges of corruption of foreign agents and forging documents, in a trial over a bid to reap lavish iron ore resources in Guinea. The man considered by some to be Israeli’s richest man was sentenced to five years in prison, ...

107 shares Israeli diamond magnate Beny Steinmetz is comforted by lawyer Camille Haab after his conviction for corruption linked to mining deals in Guinea, in Geneva on January 22, 2021. Steinmetz was sentenced to five years in jail. (STEFAN WERMUTH / AFP) GENEVA, Switzerland — A Geneva court on Friday convicted Israeli diamond and minerals magnate Beny Steinmetz on charges of corruption of foreign agents and forging documents, in a trial over a bid to reap lavish iron ore resources in...

Diamond magnate gets 5 years in prison in Swiss corruption trial Issued on: 3 min Geneva (AFP) French-Israeli diamond magnate Beny Steinmetz was sentenced by a Geneva court on Friday to five years behind bars for corruption linked to mining rights deals in Guinea. Steinmetz stood accused of setting up a complex financial web, including a system of front companies, to pay bribes so that Beny Steinmetz Group Resources (BSGR) could obtain permits in an area estimated to contain the worlds bigges...

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 charg...

UPDATE 3-Swiss court finds Israeli businessman Beny Steinmetz guilty of corruption Reuters 1/22/2021 By Stephanie Nebehay GENEVA, Jan 22 (Reuters) - In a landmark verdict in one of the mining worlds most high profile legal cases, a Swiss criminal court found Israeli businessman Beny Steinmetz guilty of corruption and forgery on Friday and sentenced him to five years in jail with a sizeable fine. The ruling after a two-week trial is a blow for Steinmetz, a diamond trader, whose pursuit of the ...

Israeli businessman Beny Steinmetz has been found guilty of corruption in Switzerland in a dispute over the worlds richest untapped deposits of iron ore.   Steinmetz, who made his name in the diamond business, was indicted in August 2019 by a Geneva prosecutor over deposits at the Simandou mine in Guinea. On Friday, judges found him guilty of corrupting foreign agents and forging documents, sentencing him to five years in jail and a fine of $56million. Steinmetz and two aides had been accuse...