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BSG's Beny Steinmetz detained for questioning over alleged bribery in Guinea

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BSG's Beny Steinmetz detained for questioning over alleged bribery in Guinea

Beny Steinmetz, owner of BSG Resources Ltd., was detained by Israeli police for questioning as part of an ongoing probe relating to the company's involvement in bribery and corruption in Guinea, Reuters reported Dec. 19.

BSG reportedly said the investigations are "obsolete" and the allegations are baseless.

The company recently accused Rio Tinto of contributing to the loss of its mining rights for the Simandou iron ore project in Guinea and demanded compensation when allegation surfaced that the mining giant had paid bribes to Guinea government officials to gain control of the other half of the Simandou project.