Financial Crime Financial Crime

BSG Resources' parent companies can't block $500 million civil fraud claim, UK court rules

By Annie Robertson
  • 16 Jul 2021 11:33
  • 16 Jul 2021 11:33
Two companies linked to disgraced Israeli tycoon Beny Steinmetz today failed to convince a trio of judges to dismiss a $500 million claim brought by Brazilian miner Vale over a failed joint venture in the Republic of Guinea.

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

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