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Israeli Police Detain Prominent Businessman on Suspicion of Bribery


FILE - An Israeli prison service vehicle leaves the court house in Petah Tikva, Israel, July 6, 2014. Israeli authorities on Monday announced the arrest of an unidentified Israeli businessman allegedly involved in Guinea mine scheme.
FILE - An Israeli prison service vehicle leaves the court house in Petah Tikva, Israel, July 6, 2014. Israeli authorities on Monday announced the arrest of an unidentified Israeli businessman allegedly involved in Guinea mine scheme.

Israeli police detained a prominent Israeli businessman on Monday on suspicion of bribing public officials in Guinea, a country with vast mineral deposits and mining operations, to promote his business interests there.

A police spokesman would not identify the businessman, but said Israeli investigators had worked with law enforcement agencies in the United States, Switzerland and Guinea before detaining him.

Guinea's former minister of mines, Mahmoud Thiam, was arrested in New York last week on charges he was involved in bribery payments linked to Guinea's mining industry.

The Israeli police said in a statement the businessman, along with other Israelis living abroad, were suspected of paying tens of millions of dollars to senior public officials in Guinea to advance their businesses.

Israeli media reported the businessman detained operates in Africa in mining and diamond and that suspicions against him were raised after a company he is connected with received control of a large mine in Guinea at almost no cost.

The company later sold rights to the mine to a large mining company in South America for billions of dollars.

Israeli police said the suspect, who at this stage has been detained for questioning, may appear in court later on Monday.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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