Region: Guinea

PNF closed Rio Tinto-linked investigation after securing banker’s conviction

French prosecutors secured the conviction of the banker at the centre of the Guinea corruption scandal on tax evasion charges.

29 August 2023

SFO closes ENRC and Rio Tinto cases

The Serious Fraud Office has closed two of its longest-running and highest-profile corruption investigations.

24 August 2023

The prosecutor’s office in Switzerland making a mark on the world stage

The attorney general of Geneva recorded one of the most high-profile white-collar crime convictions of recent times. Now he wants a new settlement tool to meet his prosecutors’ appetite for complex international investigations into corporate wrongdoing.

09 June 2023

Geneva appeal court upholds Steinmetz bribery conviction

Israeli mining magnate Beny Steinmetz plans to appeal against the decision to uphold his conviction for bribing a wife of the late president of Guinea to secure lucrative mining licences in the African country.

04 April 2023

SEC reaches FCPA bookkeeping settlements with Rio Tinto, gambling company

Rio Tinto will pay $15 million to resolve allegations that it violated the FCPA’s books and records provisions as a part of its work in Guinea, while an Irish gambling company will pay $4 million for similar violations connected to lobbying efforts in Russia.

07 March 2023

Steinmetz challenges Swiss bribery conviction

The Israeli mining magnate has switched up his legal team as he attempts to overturn his landmark foreign bribery conviction.

31 August 2022

Brazilian miner’s bribery case against Steinmetz collapses

Steinmetz’s lawyer questioned Vale’s motive for suddenly ending the lawsuit after apparently realising its fraud claim had run out of time.

15 February 2022

Clifford Chance lawyer defends due diligence on Steinmetz deal

A US-based Clifford Chance partner said his firm relied on “substantial” on-the-ground research when it advised a client on whether a mining deal could be tainted by corruption.

08 February 2022

Steinmetz: Vale “turned a blind eye” to corruption suspicions

Israeli businessman Beny Steinmetz has told a London court that Brazilian miner Vale is not an innocent victim in their bitter legal dispute over a joint project in Guinea that collapsed amid allegations of bribery.

01 February 2022

Steinmetz “at the heart” of mining company accused of corruption

Brazilian mining company Vale has told a London court that controversial Israeli businessman Beny Steinmetz lied that his eponymous company did not pay bribes to secure lucrative mining licences in Guinea.

26 January 2022

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