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20

Billionaire Steinmetz Under House Arrest on Bribe Suspicion

By Tony Seruga

Steinmetz has been barred from leaving Israel for 180 days
Israeli Steinmetz’s BSGR has always rejected bribery claims

Beny Steinmetz, the billionaire entangled in a long-running dispute over rights to one of the world’s most valuable mining assets, has been put under house arrest in Israel after being detained on suspicion of bribing Guinean government officials.

The 60-year-old, who made his fortune in the diamond trade, was detained on suspicion of bribery and money laundering, Israeli police said. Steinmetz was released to house arrest for two weeks on bail of 100 million shekels ($26 million), court documents show. His Israeli and French passports were confiscated and he was barred from leaving Israel for 180 days. Steinmetz didn’t appear in court…

Billionaire Steinmetz Under House Arrest on Bribe Suspicion

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