Israeli tycoon sentenced over Guinea mine bribery
A court in Switzerland has sentenced the billionaire Israeli businessman, Beny Steinmetz, to five years in prison for bribery in relation to acquiring mining rights to lucrative iron-ore deposits in Guinea.
Some of the money was said to have been transferred through Swiss banks.
It has been described as the mining sector’s biggest-ever corruption case, and the BBC’s correspondent in Switzerland says it shines a spotlight on the often murky struggle for control of Africa’s natural resources.
Mr Steinmetz can appeal.
