Beny Steinmetz grilled on Guinea deals during bribery trial in Geneva
Billionaire French-Israeli magnate appears for a second day in court over alleged corruption linked to mining deal in Guinea
12 January 2021 - 20:08
Geneva — French-Israeli tycoon Beny Steinmetz defended his investment in an African iron-ore mine, telling a Geneva court that the $5bn valuation of a site that he secured for less than $200m was part of the industry’s reward for risk-taking.
Steinmetz is testifying during the second day of his trial on charges of bribery in Geneva. He dismissed questions from presiding judge Alexandra Banna about transactions that allowed him to take control of a giant iron-ore mine in the south of Guinea...
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