Audio By Carbonatix
A billionaire French-Israeli diamond magnate, Beny Steinmetz, has arrived in court in Switzerland to face trial over alleged corruption linked to a major mining deal in Guinea.
He has always denied his company, BSGR, paid multi-million dollar bribes to obtain iron ore mining exploration permits in southern Guinea in 2008.
BBC News - Beny Steinmetz: Mining tycoon in Swiss trial over Guinea dealhttps://t.co/xmv8FwUwa5
— Carolyn Bongiorno (@caroaber) January 11, 2021
He travelled to Geneva from Israel for the two-week trial.
If convicted he could face up to 10 years in prison.
Steinmetz, 64, was previously sentenced in absentia to five years in prison by a court in Romania for money laundering.
Swiss prosecutors say Steinmetz paid about $10m (£7.4m) in bribes, in part through Swiss bank accounts, to gain the rights to Guinea's iron ore deposits in the Simandou mountains.
The area is believed to contain the world's largest untapped iron ore deposits.
His lawyer Marc Bonnant says "we will plead his innocence".

According to the prosecutors, the bribes to Guinean public officials were paid with the help of Mamadie Toure, the widow of Guinea's former president Lansana Conte. They also allege that Steinmetz forged documents linked to the deal.
The BBC's Imogen Foulkes in Geneva says Ms Toure has been described as the star witness for the prosecution, but her presence in court is unlikely - she now lives in the United States. She has not yet commented on this trial.
Mr Bonnant told Reuters news agency last month that Steinmetz had "never paid a cent to Mme Mamadie Toure" and said she was not married to Lansana Conte. "She is not a public agent and therefore cannot be corrupted," he said.
Despite its vast natural resources, Guinea remains one of the poorest countries in Africa, and has gained little from the Simandou iron ore riches.
Latest Stories
-
I wouldn’t be surprised if Baba Ali wins Ayawaso East—Nana B
3 minutes -
NPP Youth Organiser expresses concern over low turnout in Ayawaso East by-election
24 minutes -
Ayawaso East by-election: We’re confident our deployment at polling centres will cater for any eventuality – Police
27 minutes -
Mahama calls on African leaders to ratify Human Rights Court protocols
30 minutes -
Kenpong Travel and Tours has track record to deliver for 2026 World Cup – Dafeamekpor
34 minutes -
Mahama addresses human rights court, but are journalists safe in Ghana?
47 minutes -
16 dead in accident involving ambulance and Ford Transit at Potrikrom in A/R
49 minutes -
ECG initiates audit of metering systems following public outcry
1 hour -
Ayawaso East by-election: NDC will win; NPP only came to escort us – Gbande
1 hour -
Energy Minister engages petroleum stakeholders over fuel security amid Middle East crisis
1 hour -
Goldbod foots bill for 13-year-old’s brain surgery
1 hour -
JICA enhances GRA’s capacity to support cross-border women traders and sustainable AfCFTA trade facilitation
1 hour -
Voting ends in Ayawaso East by-election, sorting and counting underway
2 hours -
Mafia boss behind notorious murders in Italy dies behind bars in Milan
2 hours -
I’m not motivated by material things, I’m here to serve – Baba Jamal
2 hours
