News

Advanced Search

Beny Steinmetz Sentenced to Five Years

Dec 24, 2020 8:40 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Romania’s Supreme Court has sentenced mining magnate Beny Steinmetz to five years’ imprisonment in a land-fraud case, according to Israeli media.

The businessman, who has counted diamond mines among his vast interests, was accused of being involved in corruption carried out by a company for which he was a partner and adviser, Globes reported last week.

Following the fall of Communism in Romania, the European country allowed people to reclaim land they had owned in the 1940s. Steinmetz was party to corrupt actions by the company to recover land, and was accused of money-laundering offenses and conspiracy to commit a crime, according to allegations that Globes reported.

Steinmetz, who had previously been acquitted on all charges in a lower court, can appeal to the European Court of Human Rights in Strasbourg, the newspaper continued.

His lawyer did not immediately respond to a request for comment, but he told Globes the proceedings were “conducted contrary to law and to the principles of justice, and we intend to appeal to higher European courts.”

Image: Beny Steinmetz. (Avimagen777)
Tags: Beny Steinmetz, European Court of Human Rights, mining, Rapaport News, Romania, steinmetz, supreme court
Similar Articles
Gemstones and jade at Myanmar marketUS Bans Major Myanmar Gem Company
Apr 11, 2021
The US government has placed sanctions on an important state-owned gemstone company in Myanmar in the latest attempt to deprive
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.