Financial Crime Financial Crime

Vale insists Steinmetz-linked company must pay $2 billion after court 'failure'

By Martin Coyle
  • 10 Sep 2021 09:01
  • 10 Sep 2021 09:01
Brazilian mining group Vale today called for a company linked to Israeli mining tycoon Beny Steinmetz to pay it about $2 billion linked to a suspected corrupt mining deal in the Republic of Guinea.

In a hearing at London’s High Court, lawyers for Vale said today that Nysco Management, one of two holding

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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