Financial Crime Financial Crime

Vale loses bid to claim $2 billion ahead of Steinmetz alleged corruption case

By Martin Coyle
  • 14 Sep 2021 07:15
  • 14 Sep 2021 07:15
Brazilian mining group Vale has lost a bid to force two companies linked to Israeli mining tycoon Beny Steinmetz to pay it $2 billion linked to suspected corruption in the Republic of Guinea.
Last week, the company had attempted to secure the payout and derail a civil trial set to

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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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