8/13/2019 Mining Tycoon Scores a Win in Corruption Battle

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Mining tycoon scores a win in corruption battle

 

Jim Armitage

Tuesday, 21 January 2014

The controversial mining tycoon Beny Steinmetz has won what he claimed to be a major victoryinvolving corruption allegations in the troubled west African state of Guinea.

His London-based empire has been dogged by claims that he corruptly obtained mining rights towhat could be the world’s richest iron ore deposit under the previous president of the country. AFrench newspaper last year reported that he and his business had been part of a coup effortagainst current leader, Alpha Condé.

The report included evidence based on French secret service documents which, it emergedyesterday, the French ministry of defence says were fakes. The fakery claim is seen as importantby Mr Steinmetz because of other allegations against him based on what he says are forgeddocuments.

In the US, a Steinmetz associate, Frederic Cilins, has been charged with attempting to obstruct

 justice after allegedly trying to destroy documents sought by a federal grand jury investigation intothe tycoon. Mr Steinmetz claims those, too, are forged.