Financial Crime Financial Crime

Beny Steinmetz sees Vale abandon $1.2 billion fraud claim as filed too late

By Phoebe Seers
  • 14 Feb 2022 16:18
  • 14 Feb 2022 16:52
Israeli mining tycoon Beny Steinmetz has escaped Vale's $1.2 billion fraud case against him mid-trial after the Brazilian miner accepted that its lawsuit had been lodged too late. 

Vale had sued Steinmetz and seven other defendants, including companies believed to be controlled by the businessman, over a joint venture it struck with Beny Steinmetz

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