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Israeli minerals magnate Beny Steinmetz convicted of corruption

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Tycoon sentenced to five years in prison for bribing officials and forging documents to gain mining rights in Guinea

The Israeli diamond and minerals magnate Beny Steinmetz has been convicted of corrupting foreign agents and forging documents by a Geneva court, in a trial over an attempt to reap lavish iron ore resources in Guinea.

Steinmetz, considered by some to be Israel’s richest man, was sentenced to five years in prison but had faced a maximum of 10 years in the case.

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