Quelle Surprise

Diamond tycoon Beny Steinmetz has been convicted of paying bribes to gain lucrative mining rights and sentenced to five years in prison.

The 64-year-old and two co-defendants were found guilty in a Swiss court of variously paying or arranging ­payment of $8.5m (£6.2m) in bribes to Mamadie Toure, said to be a wife of the late Guinean president Lansana Conte, to secure rights to the iron ore-rich Simandou region in Guinea.

African mining rights involved bribery. Tsk, whatever next?

6 thoughts on “Quelle Surprise”

  1. Ahhh… the Next Regime didn’t get the kickbacks they expected and Complained.
    I’m surprised the swiss bit… It’s Afrika.. You may as well officially recognise the corruption there and book it as “secondary operating costs”.

  2. Bloke in North Dorset

    “ You may as well officially recognise the corruption there and book it as “secondary operating costs”.

    I thought “marketing costs” was the accepted line in accounts before progressive’s hatred of big companies became greater than their love of African dictators and they passed anti corruption laws?

    Except at Siemens when bribing foreigners wasn’t illegal in Germany and bribery went down as personal expenses as sales teams left the finance department with suitcases full of cash.

  3. What happened to “consultancy fees”? “Advice on local integration”?

    But “said to be a wife of the late president” is good.

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