Israeli billionaire arrested in global money laundering probe

Share
Israeli billionaire arrested in global money laundering probe

Israel Police have asked to extend the arrest of billionaire Beny Steinmetz for eight days as well as publicist Tal Zilbershtein The Rishon Lezion Magistrates Court is now discussing the matter as well as the remand on the other three men arrested - Bezeq acting chairman David Granot, Adv. Doron Levy of the Amit Pollak Matalon law firm, and Asher Avidan, a former senior executive of Steinmetz's in Guinea and president of BSGR corporation mining division.

It was the second time Steinmetz had been arrested by Israeli authorities since December, when he was placed under house arrest as part of a corruption probe involving mining deals in the African nation of Guinea.

Israeli billionaire Steinmetz controls mining firm BSG Resources and has a net worth estimated by Forbes of US$1.02 billion, making him the 17th-richest person in Israel. It was said that they did so in order to transfer and launder money. BSGR denied any wrongdoing.

Israeli authorities investigatied the claim that Steinmetz, along with a number of other Israelis, acquired the asset by paying tens of millions of dollars in bribes to senior public officials in Guinea.

In a statement on Monday, Israeli police said five suspects were detained for questioning under caution on suspicion of money laundering, fraudulent filing of corporate documents, fraud and corporate breach of trust, obstruction of justice and bribery.

According to a police statement, investigators questioned several people who are suspected of carrying out a coordinated and systematic mechanism of fraud - particularly forging documents - mainly in the real estate field, in foreign countries.

Searches were carried out in the suspects' homes and offices, police said.

Israeli media reported in December that Steinmetz was suspected of bribing the former leader of Guinea and his wife for rights to mine at the Simandou range, one of the world's largest sources of iron ore.

BSGR last December said the investigation had been initiated by the government of Guinea, which launched a review of mining contracts signed before 2011 as part of worldwide efforts to improve transparency.

Share

Advertisement

Related Posts

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

Kim Jong-un 'Will Regret It Fast' if He Attacks Guam
Mr Trump said it was time that somebody stood up to the pariah nation. Scott Jobe, the 35th Fighter Wing commander, said in a statement.

Global Stocks Selloff Stops at Wall Street; Gold, Yen Tick Up
The pan-European STOXX 600 fell 0.7 percent, taking its weekly losses to 2.4 percent, its worst since early November a year ago . After touching a more than two-month high at $1,291.86, spot gold last added 0.2 percent to $1,288.81 an ounce.

Dale Earnhardt Jr. goes out quietly in final Michigan NASCAR race
The Pure Michigan 400 started the way any playoff bound race starts - with a handful of drivers on the bubble. Coming out of turn two it was Larson in the lead and he held that position coming to the white flag.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

Young Lions suffer Myanmar defeat in SEA Games opener
More drug tests will be carried out in the Kuala Lumpur SEA Games including blood screening that was introduced at the Singapore Games to weed out cheats.

Marvel's The Defenders Gets A Final Trailer
In addition to all that, there's also a new, and extremely brief clip which we've included down below. Marvel's The Defenders is produced by Marvel Television in association with ABC Studios for Netflix .

Jacob Rees-Mogg sounds out his Tory leadership ambitions
Responding to the reports, Mr Rees-Mogg played down such talk, but pointedly did not explicitly rule out standing for the leadership.

The Eagles to play Little Caesars Arena in Detroit on October 27
Most recently, the band performed at the Classic East and Classic West concerts in July with Fleetwood Mac, Journey and more. The band's current lineup is Don Henley , Joe Walsh and Timothy B.

Uber to offer tipping for United Kingdom users - and introduce waiting charges
The penalty will be added to their bills once the driver has been waiting at the agreed pick-up point for two minutes. The feature, which was previously only available in some U.S. cities, rolls out across the United Kingdom on Tuesday.

© 2015 ExpressNewsline. All Rights reserved.