French businessman jailed for 2 years in Guinea mining case

A French businessman who sought to obstruct a US investigation into an alleged bribery scheme to secure multibillion-dollar African mining rights for Israeli billionaire Beny Steinmetz’s business empire has been jailed for two years and fined $75,000.

In a New York court on Friday, Frederic Cilins became the first person to receive a criminal sentence in a corruption investigation that centres on a world-class iron-ore deposit beneath a Guinean mountainside and which now spans three continents…

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