Representatives of the mining arm of Israeli tycoon Beny Steinmetz’s business empire are to be forced to hand over to the UK anti-corruption agency thousands of pages of documents related to an alleged African bribery scheme following a court ruling.
The UK high court on Thursday rejected an application by BSG Resources seeking to block the Serious Fraud Office from assisting a criminal investigation in the mineral-rich but dirt poor west African state of Guinea.
The decision marks the latest setback for BSGR, which is fighting on multiple legal fronts in what has become one of the most far-reaching corruption investigations of recent years. Civil and criminal cases related to the bribery claims stretch from Switzerland, where Mr Steinmetz lives, to New York, where a grand jury investigation began two years ago.
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