Beny Steinmetz will forfeit NIS 17 million as part of a civil proceeding and the criminal cases will be closed. Israeli businessman Beny Steinmetz has reached an agreement with the Israel Tax Authority and the State Attorney in which the criminal case against him will be closed. The settlement follows an investigation by Israel Police’s…
DetailsYou can’t deny that Beny Steinmetz, the Israeli billionaire who has been Rio Tinto’s bete noire for the best part of a decade, isn’t good for a bit of drama.
Israel Police and billionaire Beny Steinmetz, suspected of giving former Guinea President Alpha Conde and his wife a $30 million bribe to promote his business interests in their country, have agreed that Steinmetz will deposit NIS 55 million in cash in the state’s forfeiture fund: NIS 30 million by February 12 and NIS 25 million…
DetailsSwiss prosecutors will question Beny Steinmetz in Geneva amid an inquiry into allegations of bribery involving a $20 billion mining project in the Simandou hills in the west African country of Guinea.
Police suspect six million euro served as “petty cash” for billionaire business magnate Beny Steinmetz for bribery deals he was allegedly involved in.
Asher Avidan was the top official in Guinea for Steinmetz’s BSG Resources, which is accused of paying millions of dollars in bribes in 2008 to win the right to mine part of the West African country’s giant Simandou iron-ore deposit.
BSG Resources, the mining arm of tycoon Beny Steinmetz’s empire, may have to pay as much as $1.2 billion to Vale (NYSE:VALE), its former partner in the massive Simandou iron ore project in Guinea, after choosing to skip a related arbitration hearing in London.
Israeli billionaire Beny Steinmetz is suspected of paying tens of millions of dollars as a bribe to the Guinean president.
Israeli businessman Beny Steinmetz has labelled George Soros “nuts” and accused him of trying to upset his hopes of developing the Simandou iron ore mine in Guinea, according to a report in London’s The Telegraph newspaper.
Police arrested a businessman close to billionaire Beny Steinmetz Thursday night when he landed at Ben-Gurion Airport on his return from an overseas trip.
