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.
A US federal court convicted a former Guinea minister of laundering US$8.5 million in bribes he took from a Chinese tycoon in exchange for mining rights in Guinea, media reported Wednesday.
Jared Kushner and his family business has now been linked to real estate transactions with an Israeli billionaire under investigation in four countries for bribery and corrupt practices.
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.
A mining company owned by one of Israel’s wealthiest businessmen filed a suit on Friday against the Jewish-American billionaire George Soros, accusing him of a long-running campaign to sabotage his business efforts in the African country of Guinea, Bloomberg reported Saturday.
Israel Police and billionaire Beny Steinmetz, suspected of giving former Guinea President Alpha Conde and his wife a $30 million bribe to promote his business interests in their country, have agreed that Steinmetz will deposit NIS 55 million in cash in the state’s forfeiture fund: NIS 30 million by February 12 and NIS 25 million…
Israeli billionaire Beny Steinmetz is suspected of paying tens of millions of dollars as a bribe to the Guinean president.
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.
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.
Teodorin Obiang, vice-president of Equatorial Guinea, is on trial in France for plundering the nation’s treasury to fund his aristocrat lifestyle.