Story
Mining magnate convicted of corrupting foreign agents & forging documents to gain mining rights in Guinea
pixabay
Timeline
-
Steinmetz trial: landmark judgement against mining magnate in Geneva
At the conclusion of a widely followed trial, French-Israeli businessman Beny Steinmetz was today found guilty of bribery of foreign public officials and document forgery by the Geneva criminal court.
-
Guinea: Mining magnate charged with paying bribes to obtain lucrative mining rights below value
-
Beny Steinmetz trial over corruption charges linked to mining deal in Guinea opens in Geneva
According to Geneva’s public prosecutor, the mining magnate engaged in a “corrupt pact” with former president of Guinea Lansana Conté and his wife Mamadie Touré to guarantee that Beny Steinmetz Group Resources (BSGR) would obtain the concessions for one of the largest reserves of iron-ore in the world, the Simandou mine, in 2008.