Diamond magnate Steinmetz gets 5 years in prison in Swiss corruption trial

Corruption cases are linked to mining rights deals in Guinea

Last updated:
1 MIN READ

The trial of diamond dealer Beny Steinmetz in Geneva ended Friday with the French-Israeli magnate sentenced to five years behind bars for corruption linked to mining rights deals in Guinea.

"It is clear from what has been presented... that the rights were obtained through corruption and that Steinmetz cooperated with others" to obtain them, said chief justice Alexandra Banna.

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox