Swiss Court Finds Israeli Businessman Beny Steinmetz Guilty Of Corruption
Swiss Court Finds Israeli Businessman Beny Steinmetz Guilty Of Corruption
A Swiss criminal court found Israeli businessman Beny Steinmetz guilty of corruption on Friday and sentenced him to five years in jail, delivering a landmark verdict in one of the mining world's most highprofile legal disputes.

GENEVA: A Swiss criminal court found Israeli businessman Beny Steinmetz guilty of corruption on Friday and sentenced him to five years in jail, delivering a landmark verdict in one of the mining world’s most high-profile legal disputes.

Steinmetz was also fined 50 million Swiss francs ($56.48 million). He can appeal the verdict.

The ruling followed a two-week trial of Steinmetz and two others variously accused of paying or arranging payment of $10 million in bribes to obtain exploration permits for the world’s richest uptapped deposits of iron ore and of forging documents to cover it up through a web of shell companies and bank accounts. They denied the charges.

($1 = 0.8852 Swiss francs)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Read all the Latest News, Breaking News and Coronavirus News here

Original news source

What's your reaction?

Comments

https://umorina.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!