Guinea: Steinmetz under house arrest


Issue 337 - 22 Dec 2016 | 2 minute read
Beny Steinmetz has been placed under house arrest in Israel amid an investigation into his BSG Resources’ acquisition of rights to the Simandou iron ore mining project.Israeli police detained Steinmetz on suspicion of bribery and money laundering. A court on 19 December released him to house arrest for two weeks on bail of 100m shekels ($26m). His Israeli and French passports were confiscated and he was barred from leaving Israel for 180 days.

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