Bil­lion­aire Stein­metz ar­rested amid re­ports of African bribes

The Washington Times Daily - - WORLD -

JERUSALEM | Is­raeli po­lice on Mon­day ar­rested bil­lion­aire busi­ness­man Beny Stein­metz on sus­pi­cion of brib­ing of­fi­cials in the West African coun­try of Guinea, po­lice said, in what ap­peared to be a ma­jor de­vel­op­ment in bribery in­ves­ti­ga­tions over min­ing rights to one of the world’s most im­por­tant iron ore con­ces­sions.

Mr. Stein­metz, a prom­i­nent Is­raeli­born busi­ness­man and global player in the di­a­mond-min­ing in­dus­try, is sus­pected in an in­ter­na­tional in­ves­ti­ga­tion stretch­ing to Europe and the U.S., along with other uniden­ti­fied Is­raeli busi­ness­peo­ple, of pay­ing tens of mil­lions of dol­lars in bribes to pub­lic of­fi­cials in the Guinean cap­i­tal of Con­akry to pro­mote busi­ness in­ter­ests there, ac­cord­ing to Is­raeli po­lice.

Is­raeli me­dia re­ported Mr. Stein­metz is sus­pected of brib­ing the for­mer leader of Guinea and his wife for rights to mine at the Si­man­dou range, one of the world’s largest sources of iron ore.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.