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Steinmetz denies corruption in Guinea case; says he was not in charge

Steinmetz denies corruption in Guinea case; says he was not in charge

STEPHANIE NEBEHAY  ISRAEL businessman Beny Steinmetz has denied any role in corruption or forgery linked to mining rights his company secured in Guinea, describing himself as the owner and company ambassador but not the boss. Steinmetz was indicted in August 2019 by a Geneva prosecutor who accused him and two aides of paying, or having paid, $10 million in bribes to obtain exploration permits for some of the world's richest iron-ore deposits in the remote Simandou mountains of Guinea. Steinmetz and his aides deny the charges. If convicted he could face up to 10 years in prison. At his court…
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Israeli businessman jailed for Guinea mining corruption

Israeli businessman jailed for Guinea mining corruption

STEPHANIE NEBEHAY  IN a landmark verdict in one of the mining world's 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 is a blow for Steinmetz, a diamond trader, whose pursuit of the world's richest uptapped deposits of iron ore put him at the centre of a battle that has triggered probes and litigation around the world. Steinmetz said he would appeal the verdict, which also included a 50 million Swiss francs ($56.48 million)…
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