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Israel

Beny Steinmetz

Date of Birth: 2 April 1956
Place of Birth: Netanya, Israel


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Steinmetz plays his get out of jail card

And the prosecution of Israeli mining magnate Beny Steinmetz is turning out to be a landmark test of Switzerland's judicial system as much for the legal technicalities and the noises off as for the substance...

The scandal at the heart of the Swiss case against Steinmetz revolves around the granting of half of the world's most important undeveloped iron ore deposits – blocks 1 and 2 of the Simandou mountains in Guinea – to Beny Steinmetz Group Resources in 2008 (AC Vol 62 No 8 Human rights export rights)...


Steinmetz heads for the endgame

Prosecuting Beny Steinmetz formerly one of the biggest mining magnates in Africa has become a test case for Switzerland's efforts to tackle cases of foreign corruption...


No timeline for return to civil rule

Simandou's blocks 1 and 2 are at the centre of a major international corruption scandal going back to 2008 when the blocks were taken away from Anglo-Australian miner Rio Tinto and handed to mining magnate Beny Steinmetz's company BSGR...

His appeal is expected to be held in 2022 and news is still pending on the outcome of arbitration cases between the Guinean government and Beny Steinmetz's company BSGR at the International Centre for Settlement of Investment Disputes (ICSID) in Paris similarly focused on the bribery allegations...


Show us the money

Some of Africa's big business players also feature in the leaks including Israeli Beny Steinmetz – handed a five-year jail sentence for corruption by a Swiss court in January – and Zimbabwean Billy Rautenbach both of whom boast close links to governments across the continent (AC Vol 61 No 5 Oil guns and politics & Vol 62 No 3 Steinmetz's empire unravels)...


Junta opens transition talks

SMB was also granted blocks 1 and 2 of the Simandou iron ore deposit in 2019 after Beny Steinmetz's BSGR was stripped of the concessions (AC Vol 60 No 24 Iron back on track)...


Human rights, export rights

The villagers had been protesting against the practices of mining company VBG a joint venture between Brazilian iron ore giant Vale and Beny Steinmetz Group Resources (BSGR)...

This could cause difficulties for Davis not just because he wants to get things moving at Zogota but also because the company he heads Niron Metals is tightly linked to BSGR's eponymous former boss Beny Steinmetz (AC Vol 62 No 3 Steinmetz's empire unravels)...


Mining tycoon's mercy flight

SMB is Guinea's largest bauxite exporter and since November 2019 the owner of Blocks 1 and 2 at the Simandou iron ore project previously in the hands of the convicted Israeli diamond tycoon Beny Steinmetz (AC Vol 60 No 24 Iron back on track Vol 62 No 2 EXCLUSIVE – Inside the Swiss charges against Steinmetz & 62 No 3 Steinmetz's empire unravels)...


Steinmetz's empire unravels

The five-year jail sentence handed down to Beny Steinmetz by Geneva's Tribunal Correctionnel on 22 January will embolden former partners pursuing his sprawling business empire for over US$2 billion and risks reopening a legal case that could cost him hundreds of millions more...


Steinmetz gets five years for bribery

A Geneva court sentenced mining magnate Beny Steinmetz to five years in prison on 22 January for bribery and money-laundering...

Her influence ensured the blocks were stripped from mining giant Rio Tinto in December 2008 and handed to Beny Steinmetz Group Resources (BSGR)...

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EXCLUSIVE – Inside the Swiss charges against Steinmetz

On Friday 22 January mining magnate Beny Steinmetz and two of his colleagues learn the decision of Geneva's Correctional Tribunal on whether or not they bribed the wife of Guinea's president to get their hands on the Simandou iron ore 13 years ago...

Our revelations show how top officials in Beny Steinmetz's corporate network the BSGR group and their long-standing middlemen are tied by emails and testimony to the alleged money-laundering...

Despite the give-away name of Beny Steinmetz Group Resources (BSGR) Steinmetz says he is no more than an adviser and roving ambassador for the company and knew nothing about the details including which fixers were being employed and for what...

The money-laundering allegations against Steinmetz As prosecutors in Geneva seek to jail Beny Steinmetz for directing a friend to launder bribe money Africa Confidential takes an exclusive look at the allegations...

As well as facing bribery charges at his Geneva trial mining magnate Beny Steinmetz also stands accused of money-laundering...

The handwritten document is signed by Kerzner and another individual identified by Kerzner as David Barnett a legal counsel to the Beny Steinmetz group of companies...

' 'Beny Steinmetz brought me a document in English and said: that's the response that you'll have to give to the bank...

' Despite these explanations being fictitious the responses of Kerzner's accountant to the bank were 'inspired by what Beny Steinmetz asked me to say'...

The Geneva court is due to give its verdict on the charges against Beny Steinmetz and his business associates on 22 January...

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Displaying 1-10 out of 74 results.