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Businessman Arrested As Part of Beny Steinmetz Probe Named As Shimon Menachem

Businessman Shimon Menahem, the former head of the Scorpio real estate division of Scorpio BSG Ltd., has been identified as the business executive who was arrested upon arrival at Ben-Gurion International Airport on Thursday. Read more

Beny Steinmetz Associate Arrested Upon Return To Israel

Police arrested a businessman close to billionaire Beny Steinmetz Thursday night when he landed at Ben-Gurion Airport on his return from an overseas trip. Read more

Soros Funding ‘Political War’ Against Me, Arrested Billionaire Steinmetz Tells Court

Israeli billionaire Beny Steinmetz, prominent political consultant Tal Silberstein and four other businessmen were arrested Monday over allegedly using fake contracts to move and launder money. Read more

Israeli Billionaire Beny Steinmetz Arrested

Israeli billionaire Beny Steinmetz, a well-known strategic adviser and three other businessmen were detained for questioning under caution on Monday over allegedly using fake contracts to move and launder money. Read more

UK’s Serious Fraud Office Launches Rio Tinto Corruption Probe

The UK’s anti-fraud investigating body said Monday it is probing Rio Tinto’s dealings in Guinea involving the giant Simandou iron ore project. Read more

Inside Simandou

e are Israelis and we know how to fight. We are not going to let it go.” Beny Steinmetz’s words to a tribunal in Paris two weeks ago capped a colourful testimony via videolink from Israel. Read more

Beny Steinmetz Recovers From Setback In Simandou Battle

Asher Avidan was the top official in Guinea for Steinmetz’s BSG Resources, which is accused of paying millions of dollars in bribes in 2008 to win the right to mine part of the West African country’s giant Simandou iron-ore deposit. Read more

“He Met Alpha Condé, He Corrupted The Process”

The Telegraph newspaper reported that Steinmetz blamed Soros’ advice to Guinean president Alpha Condé for the mess BSGR is in. Read more

Beny Steinmetz Calls George Soros ‘Nuts’

Israeli businessman Beny​ Steinmetz has labelled George Soros “nuts” and accused him of trying to upset his hopes of developing the Simandou iron ore mine in Guinea, according to a report in London’s The Telegraph newspaper. Read more

Beny Steinmetz May Have To Pay $1.2B For No Show At Simandou

BSG Resources, the mining arm of tycoon Beny Steinmetz’s empire, may have to pay as much as $1.2 billion to Vale (NYSE:VALE), its former partner in the massive Simandou iron ore project in Guinea, after choosing to skip a related arbitration hearing in London. Read more