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After Steinmetz, Israeli police arrested BSGR president in Guinea bribery probe

After placing Israeli businessman Beny Steinmetz under house arrest Monday, Israel Police arrested a second business partner involved in bribing the Guinean government to allow the two access to one of the largest iron ore mines in the world.

 Beny Steinmetz (Photo Ido Erez)
Day after billionaire Beny Steinmetz has been detained under house arrest in Israel for questioning on suspicion of bribing government officials in Guinea, Africa, Israeli police have arrested BSGR President, Asher Avidan, (Globes reports) the head of mining operations in Steinmetz’s holding company.
“The suspect arrested today will appear before the court as the investigation advances, ” police spokesman Micky Rosenfeld said in a statement.

 The 60-year-old Steinmetz, who also has French citizenship, will remain under house arrest until Jan. 2. His Israeli and French passports have been confiscated and bail set at 50 million shekels ($13 million) in cash and another 50 million shekels in property.

Steinmetz along with other Israelis living abroad,  is alleged to have paid tens of millions of dollars bribed in profits in 2006-2012 to President Alpha Conde and his wife for iron mining rights.

Israel’s Richest Tycoon Beny Steinmetz Repays $100 Million Loan Early

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