Live Update
From the Liveblog of
Monday, December 19, 2016
Diamond magnate Steinmetz posts NIS 100 million bail
Billionaire Israeli Beny Steinmetz had to post NIS 100 million ($26 million) in bail today before being released to house arrest, Channel 2 reports.
Steinmentz, who was arrested on suspicion of paying millions of dollars to Guinea officials in order to advance his business interests, had to pay half of the bail in cash.
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