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
-
South Africa to withdraw its troops from UN peacekeeping mission in Congo
8 seconds -
Two arrested at Osu cemetery over illegal grave digging
1 hour -
Ticket Ghana explores new aviation connectivity options as demand for travel to Ghana grows
2 hours -
Applications open for 2026 Igniting dreams fellowship in Northern Ghana
3 hours -
AI Contracts: Fast, professional, but legally risky
3 hours -
Over 1,000 youth equipped as National Apprenticeship Programme starts in Ashanti region
4 hours -
See the areas that will be affected by ECG’s planned maintenance between February 8-13
4 hours -
Police arrest 53-year-old man for threat of death, unlawful possession of firearm
4 hours -
OSP probes NPP Presidential, NDC Ayawaso East parliamentary primaries over vote buying allegations
4 hours -
Gov’t launches nationwide training programme for coconut farmers
4 hours -
Borussia Dortmund launch first African academy in Ghana
5 hours -
Hamamat and Wiyaala land tourism ambassadorial roles
8 hours -
A singer’s tragic death highlights Nigeria’s snakebite problem
9 hours -
King Charles to host Nigeria’s first UK state visit in 37 years
10 hours -
Mikel Arteta: Arsenal’s 9-point lead at top of Premier League means ‘nothing’
10 hours
