Posted on Jan 13, 2021
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.”
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