Business & Investment

Swiss court guilty of Beny Steinmetz in bribery case in Guinea

Israeli businessman Beny Steinmetz was convicted of fraud in a Swiss court in Geneva and sentenced to five years in prison and a fine of CHF 50 million. The 64-year-old Steinmetz, whose wealth is estimated at $ 1 billion, was convicted of crimes such as “bribery foreign senior public figures” and “fraud and forgery of corporate documents.” Steinmetz says he will appeal the verdict.

A Swiss court says Steinmetz-affiliated company Beny Steinmentz Group Resources (BSGR) will bribe the late Guinean President Lansana Conte and his fourth wife, Mamadie Toure, in exchange for a concession to the Simandu iron ore mine. I ruled that I was involved. -One of the largest such mines in the world.

“The actions of the accused have corrupted the late President Conté and have had serious consequences for Guinea,” the judge wrote in the ruling. The chief judge spoke of the defense’s false and unfounded allegations.

Despite the conviction, Steinmetz is free to leave the country until the appeal is heard in the Swiss High Court. On behalf of Steinmetz, a Swiss legal source said, “The verdict is contrary to the rules of international law and will not be final and will be appealed.”

“The ruling did not reflect what was revealed at the two-day hearing. There was no agreement or bribe. In this case, the witness who lied and received the bribe was paid. There are only witnesses. They were lies that did not respond to the subpoenas that appeared in court and could not be investigated or cross-examined. “

“I blame and protest about a decade of manipulation and lies, an investigation conducted while infringing on the prosecutor’s right to defend. I am determined to continue to prove my innocence. Yes, justice comes to light. “

The proceedings in Switzerland began in 2013, and prosecutors sent $ 8.5 to $ 10 million to Mamadie Toure for mining rights between 2006 and 2012 by two employees, Steinmetz and BSGR. I accused him.

In 2019, the current Guinean government agreed not to pursue accusations against Steinmetz after he waived his rights to the Simandu mine.

Israeli Business News Published by Gloves- -January 24, 2021

© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Swiss court guilty of Beny Steinmetz in bribery case in Guinea Swiss court guilty of Beny Steinmetz in bribery case in Guinea

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