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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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Plaintiffs in Sierra Leone diamond mine lawsuit request freeze of Steinmetz subsidiary’s assets

Plaintiffs in Sierra Leone diamond mine lawsuit request freeze of Steinmetz subsidiary’s assets

COOPER INVEEN and HELEN REID SIERRA Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR). In an affidavit to the high court of Sierra Leone, seen by Reuters, the lawyer for the plaintiffs said there was a "clear and present risk" the defendants could expatriate funds in order to avoid having to pay out if the court rules against them. Sierra Leone's High Court discussed the application for a freezing order on Tuesday and will continue on…
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