Diamond tycoon Beny Steinmetz arrested

Diamond tycoon Beny Steinmetz is the well-known businessman detained for questioning earlier today on suspicion of money laundering and bribing foreign public officials, following an undercover investigation in several countries.

His name was under gag order, but can now be revealed after a court sent him to house arrest for two weeks, Ynet says.

He is accused of paying millions of dollars in bribes along with his associates to government workers in the Republic of Guinea in exchange for the advancement of his business interests in the country, according to an Israel Police spokesperson.

Israeli businessman Beny Steinmetz. May 17, 2007.(Moshe Shai/FLASH90)
Israeli businessman Beny Steinmetz. May 17, 2007.(Moshe Shai/Flash90)

Most Popular
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.