Steinmetz and European, US advisers on trial for mining ‘corruption pact’ in West Africa ...Middle East

Lawyers, bankers and professional advisers in Europe and the United States enabled corruption in one of the world’s poorest countries, Swiss officials allege in a highly-anticipated criminal case that opens today. Prosecutors in Geneva allege that Israeli billionaire Beny Steinmetz forged documents and masterminded a “corruption pact” over five years to pay millions of dollars in bribes to obtain lucrative mining rights in Guinea, West Africa. Steinmetz and his company, BSG Resources, bribed Mamadie Touré, a wife of Guinea’s then-president, Lansana Conte, to develop the Simandou iron ore mine, prosecutors said in an indictment provided to the International Consortium of Investigative Journal

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