Financial Crime Financial Crime

BSG Resources-linked companies shouldn't pay $2 billion in civil fraud claim, UK court told

By Annie Robertson
  • 29 Jun 2021 16:07
  • 29 Jun 2021 16:07
Two companies linked to disgraced Israeli tycoon Beny Steinmetz today urged a UK court to dismiss a $2 billion fraud claim brought by Brazilian mining company Vale over a failed joint venture in the Republic of Guinea.

The holding companies of mining group BSG Resources — Balda Foundation and Nysco Management — argued

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