Swiss Federal Prosecutor Indicts Beny Steinmetz for Bribery for Mining License in Guinea

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Wednesday, September 4, 2019
Bruce Zagaris

On August 12, 2019, the Swiss federal prosecutor Claudio Mascotto brought an indictment against Beny Steinmetz and two other defendants, charging them with foreign bribery and forgery offenses in relation to obtaining a mining license in the Republic of Guinea between 2005 and 2010.[1] The indictment charges the three defendants of promising, as early as 2005, and paying, or had paid, bribes to one of the wives of former Guinean President Lansana Conté, with a view to replacing a competitor and then granting Beny Steinmetz Group Resources (BSGR) mining rights in the region of Simandou in the Republic of Guinea.[2]