Israeli billionaire Beny Steinmetz on trial in Geneva on corruption charges

In Geneva, Israeli billionaire Beny Steinmetz is on trial for allegedly masterminding a “corruption pact” to secure lucrative rights to the Simandou iron ore mine in Guinea, one of the world’s poorest countries.

According to the International Consortium of Investigative Journalists it’s unusual for such a case to make it to criminal court, and Steinmetz’s business associates in Europe and the United States are also facing charges for paving the way to bribe a wife of Guinea’s former president.

“The Simandou case is of enormous importance, as it is an extremely rare occurrence of company officials being held to account for classic bribery methods,” says journalist Daniel Balint-Kurti, who spent years investigating the scheme. “Skilled practitioners of the legal, financial and PR arts are central to enabling corrupt deals.”

Follow EU Today on Social media:

EUToday Correspondents

EUToday Correspondents

Our team of independent correspondents, based across Europe and beyond, are at the centre of geopolitical dynamics. We are united by our commitment to free and unbiased journalism, and our devotion to the concept of true and unfettered democracy. We take our job very seriously!

Related posts