Page 64 - Simandou News Today

Text size The evidence against Beny Steinmetz reveals a textbook case of corruption, a Geneva prosecutor said Thursday at the diamond magnates trial over alleged bribery linked to mining deals in Guinea. Prosecutor Yves Bertossa sought a five-year prison sentence for the French-Israeli businessman, if he is convicted on charges of bribing public officials. The trial at the Geneva Criminal Court is the culmination of a long international investigation into mining permits granted by Guinea ...

China wants to break dependency on Australia for iron ore 9News.com.au 14/01/2021 Richard Wood China - which imports 60 per cent of its iron ore from Australia - is looking at sourcing supplies of the steel-making material from other markets. Iron ore is Australias largest global export and China -the worlds biggest steel producer - is our biggest trading partner. China aims to build one or two major overseas iron ore mines by 2025 under a five-year government plan, Reuters re...

Views: Visits 52 Swiss prosecutors allege that the Israeli billionaire and business associates bribed a wife of the former Guinean president to obtain lucrative mining rights. Lawyers, bankers and professional advisers in Europe and the United States enabled corruption in one of the world’s poorest countries, Swiss officials allege in a highly-anticipated criminal case that opens today. Prosecutors in Geneva allege that Israeli billionaire Beny Steinmetz forged documents and mastermi...

Views: Visits 20 Today, a historic trial is starting in Calvin’s city. Israeli billionaire Beny Steinmetz faces charges of “corruption of foreign public officials” and “document forgery” with two business partners. He is alleged to have arranged the transfer of at least USD 8.5 million from 2006 to 2012 to get his hands on the Simandou iron-ore deposit in the Republic of Guinea. Switzerland must take preventive action so that it will no longer be complicit in predatory practi...

Geneva, Jan. 11, 2021 (Reuters) The trial of Israeli billionaire Beny Steinmetz on corruption and forgery charges linked to mining concessions in the West African nation of Guinea opened in a Geneva court on Monday. Steinmetz was indicted in August 2019 by a Geneva prosecutor who accused him and two aides of paying or having $10 million in bribes paid to obtain exploration permits for some of the world’s richest iron-ore deposits. If convicted he could face up to 10 years in prison. Steinmetz...

Billionaire Beny Steinmetzs lawyer went on the offensive in the first day of the Israeli businessman’s trial for bribery, demanding evidence that a prosecutor gathered from "secret" trips to Israel be purged from the indictment. Marc Bonnant blasted Swiss prosecutor Claudio Mascotto for refusing to disclose who he met in Israel in 2017, who covered his costs and why the trips were never disclosed to the court before it was reported in the Israeli newspaper Haaretz. "Its not acceptable that we...

Beny Steinmetz, Israeli-French mining tycoon, yesterday appeared in a Swiss court over corruption claims that he paid millions of dollars to Guinean officials for mining franchises, international news...

Beny Steinmetz Pressed on Guinea Deals on Second Day of Bribery Trial Bloomberg 1/12/2021 Hugo Miller and Thomas Biesheuvel (Bloomberg) -- Israeli tycoon Beny Steinmetz defended his investment in an African iron-ore mine, telling a Geneva court that the $5 billion valuation of a site that he secured for less than $200 million was part of the industry’s reward for risk-taking. Steinmetz is testifying during the second day of his trial on charges of bribery in Geneva. He dismi...

SWISS-STEINMETZ/ (PIX):Steinmetz denies corruption in Guinea case; says he was not in charge

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