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Guinea: Steinmetz, mining magnate convicted of corruption

With its verdict, the Geneva Criminal Court, which found guilty of bribing foreign public officials and falsifying documents Beny Steinmetz, a Franco-Israeli businessman, sends a strong signal to the entire raw materials.

At the end of the trial, the court declared that « Steinmetz’s collaboration played a decisive role in the corruption scheme » and sentenced him to 5 years in prison and a confiscation amount of 50 million Swiss francs for organizing the transfer of nearly US $ 10 million in bribes to Mamadie Touré, 4th wife of the late Guinean President Lansana Conté. The ex-administrator of BSGR (Beny Steinmetz Group Resources), also on the dock, was sentenced to 2 years in prison and to a confiscation amount of 50,000 Swiss francs. As for the French, an intermediary for BSGR in Guinea and a very special link with Mamadie Touré, he was sentenced to 3.5 years in prison and a confiscation amount of 5 million Swiss francs.

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