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FCPA Blog Daily News

Entries in Beny Steinmetz (13)

Friday
Nov172017

Chaim Gelfand: Israel launches foreign bribery investigation of drone maker

The press in Israel reported this week that  Aeronautics Ltd., one of the largest military drone manufactures in Israel, is being investigated for suspected bribery of a foreign public official.

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Tuesday
Aug152017

Israeli mining billionaire detained with other leading businessmen

Beny Steinmetz, detained Monday for questioning Beny Steinmetz was detained Monday in Israel for a second time for questioning in connection with bribery of high ranking foreign officials in Guinea.

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Thursday
Jun152017

Chaim Gelfand: Israeli government officials jailed for taking bribes from Siemens

Yesterday I participated as a panelist at a roundtable on the "Increase in the Enforcement of the Foreign Bribery Statue in Israel," part of the Globes Newspaper's Capital Markets Conference.

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Tuesday
Dec202016

Chaim Gelfand: Israeli enforcement takes off

Israel's enforcement of its foreign bribery statute took years to get off the ground but it's now going full speed ahead.

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Monday
Dec192016

Steinmetz detained in Israel for Guinea bribe investigation

Authorities in Israel detained billionaire Beny Steinmetz for questioning about money laundering in connection with bribes allegedly paid to officials in Guinea for mining rights.

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Wednesday
Dec142016

Former Guinea mining minister charged in U.S. with laundering bribe money

Mahmoud Thiam via YouTubeThe former Minister of Mines and Geology of the West African country of Guinea was arrested in New York and charged Tuesday with laundering $8.5 million in bribes he allegedly took from a Chinese conglomerate in exchange for mining rights.

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Monday
Dec122016

BSG Resources demands billions in damages from Rio Tinto for Guinea bribes

BSG Resources Limited said it sent a letter to Rio Tinto plc Monday alleging that Rio Tinto contributed to the loss of BSGR's mining rights in Simandou, Guinea by paying bribes and making false allegations.

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Monday
Dec012014

Feds seize Florida property linked to alleged BSG Guinea bribes

Image courtesy of Global Witness via YouTubeA federal court in Florida last week granted a request by prosecutors to seize three properties and various restaurant equipment from Mamadie Touré.

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Wednesday
Oct012014

Enforcement report for Q3 2014

During the third calendar quarter, there was one corporate settlement of an FCPA enforcement action and two individual resolutions. (The third quarter last year was less active, with no corporate resolutions.)

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Saturday
Jul262014

Cilins jailed two years for obstructing FCPA mining investigation

A French citizen who used to work for mining giant BSG Resources was sentenced Friday to two years in prison for obstructing an investigation into bribery allegations.

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Monday
Apr282014

Vale may sue after Guinea yanks mining licenses

Vale CEO Murilo Ferreira (Image courtesy of Vale)Brazilian miner Vale said it is considering legal options after the government of Guinea announced Friday the official revocation of mining licenses for iron ore concessions held by a joint venture between Vale and BSG Resources.

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Friday
Apr112014

Guinea may strip Steinmetz mining rights

Israeli businessman Beny Steinmetz,58, is based in Geneva, Switzerland A state-sponsored committee reviewing mining concessions in Guinea said Wednesday that its 18-month investigation found evidence of graft involving a company controlled by Israeli billionaire Beny Steinmetz.

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