Switzerland Sentence Billionaire Steinmetz To Jail

A court sitting in Switzerland has sentenced the billionaire Israeli businessman, Beny Steinmetz, to five years in prison for bribery in relation to acquiring mining rights to lucrative iron-ore deposits in Guinea.

It was gathered that some of the money was transferred through Swiss banks.

It has been described as the mining sector’s biggest-ever corruption case, and the BBC’s correspondent in Switzerland says it shines a spotlight on the often murky struggle for control of Africa’s natural resources.




Source link

About Admin

Check Also

Uganda Denies Presidency Secretly Vaccinated

The Ugandan Health Minister, Jane Aceng has denied reports that top government officials have been …

Leave a Reply

Your email address will not be published.