Israeli tycoon appeals corruption conviction in Swiss court
GENEVA (AP) — Lawyers for Israeli diamond magnate Beny Steinmetz urged a Swiss appeals court on Monday to throw out testimony from a former first lady of Guinea that contributed to his conviction for corruption.
The case involves an alleged plot, dating to the mid-2000s, in which Steinmetz’s BSGR Group squeezed out a rival for mining rights for vast iron ore deposits in Guinea’s southeastern Simandou region. The case has exposed the shady, complex world of deal-making and the cutthroat competition in the lucrative mining business.