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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

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

Beny Steinmetz Won’t Let George Soros Or Rio Tinto Forget Simandou

You can’t deny that Beny Steinmetz, the Israeli billionaire who has been Rio Tinto’s bete noire for the best part of a decade, isn’t good for a bit of drama. Read more

Beny Steinmetz To Be Questioned In Geneva Over Guinea Bribery

Swiss prosecutors will question Beny Steinmetz in Geneva amid an inquiry into allegations of bribery involving a $20 billion mining project in the Simandou hills in the west African country of Guinea. Read more

Israel Police Say Talks Fail With Tycoon Beny Steinmetz on Posting Bond

Israel Police said on Thursday that after a week of negotiations they were unable to reach an agreement on the terms of a bond to be deposited by the billionaire Beny Steinmetz to ensure he doesn’t send assets out of the country while he is under investigation. Read more

Billionaire Beny Steinmetz Released From Israel House Arrest

Beny Steinmetz, owner of mining group BSG Resources, has been released without charge by Israeli police after being held under house arrest in connection with bribery allegations. Read more

Rio Tinto Sued By Beny Steinmetz Company Amid Guinea Corruption scandal

Rio Tinto’s Guinean payment scandal has deepened, with bitter rival Beny Steinmetz threatening to sue for billions of dollars in damages after alleging the leaked emails at the centre of the scandal show Rio had a hand in stripping his company of valuable iron ore tenements in the African nation. Read more