Israeli tycoon ordered to trial over alleged Guinea bribes

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

GENEVA (AP) — Swiss prosecutors say an Israeli billionaire has been ordered to stand trial on corruption and bribery charges allegedly involving a widow of Guinea’s former president.

Prosecutors in Geneva allege that diamond-mining magnate Beny Steinmetz and two other defendants paid $10 million in bribes to squeeze out a competitor for mining rights in Guinea’s southeastern Simandou region between 2005 and 2010.

The three are accused of issuing false contracts and invoices to hide bribes allegedly paid to a wife of Guinean President Lansana Conte, who died in 2008.

The prosecutors’ office said Monday the charges include corruption of foreign officials and falsifying documents. It said the public prosecutor plans to seek sentences of two to 10 years in detention.

Israeli authorities arrested Steinmetz in December 2016. He was later released under restrictive conditions.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Videos

FNF pt. 1

FNF Pt 2

The Meeting Space

KX Convo: Tigirlily

Friday, February 26th, 2021 - KX Storm Team Evening Forecast - Dave Holder

New England Growing

Black History Wrap-Up

Thank a Resident Day

KX Storm Team Full Evening Forecast w/Tom Schrader 2/26

Wrigley Stepping Down

Drug Bust

Year in Parks

Music Program

Food Program

Therapy Services

Calls for Resignation

Amber's Friday Morning #OneMinuteForecast 2/26

A pattern shift just in time for the weekend

FURRY FRIDAY FEB 26

More Video

Don't Miss

More Don't Miss

KX News Trending Stories

Latest Stories

More Local News