in Short
Guinea: trial for the mining « corruption pact » of tycoon Steinmetz begins in Switzerland
Geneva prosecutors allege Israeli billionaire Beny Steinmetz falsified documents and orchestrated a five-year « corruption pact » to pay millions of dollars in bribes to secure lucrative mining rights in Guinea, Africa from West. Steinmetz and his company, BSG Resources, bribed Mamadie Touré, the wife of then Guinean President Lansana Conte, to develop the Simandou iron ore mine, prosecutors said in an indictment to the government. International Consortium of Investigative Journalists.
