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The Independent UK
The Independent UK
National
Via AP news wire

Israeli tycoon appeals corruption conviction in Swiss court

Keystone

Israeli diamond magnate Beny Steinmetz returns to a Geneva courthouse on Monday to appeal his conviction on charges of corrupting foreign public officials and forging documents, a case linked to his firm's bid to reap lavish iron ore resources in the west African country of Guinea.

The man considered by some to be Israel’s richest man was sentenced to five years in prison and ordered to pay a 50-million-Swiss franc ($51.5 million) fine in the lower court's ruling in January 2021. Two other defendants received lesser penalties.

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