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
-
Forestry office attack: Suspected gang leader arrested, two stolen cars recovered
2 hours -
How Asamoah Gyan reacted after Ghana was paired with England, Croatia, and Panama for the 2026 World Cup
3 hours -
Ghana Armed Forces opens 2025/2026 intake for military academy
3 hours -
Prime Insight: OSP vs. Kpebu and petitions to remove EC boss to dominate discussions this Saturday
3 hours -
Multimedia’s David Andoh selected among international journalists covering  PLANETech 2025 in Israel
4 hours -
Gov’t prioritising real action over slogans – Kwakye Ofosu
5 hours -
England are tough, but we can play against Ghana, Panama – Croatia coach reacts to World Cup draw
6 hours -
Togbe Afede urges Ghanaians to support made-in-Ghana products
6 hours -
We can beat anyone – Otto Addo reacts to World Cup draw
6 hours -
Chief Justice urges judicial staff to uphold compassion and professionalism
7 hours -
MTN Ghana partners open vegetable centre of excellence
7 hours -
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
7 hours -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
8 hours -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
8 hours -
Europe faces an expanding corruption crisis
8 hours
