Quantcast
Published On: Wed, Jan 13th, 2021

New Evidence Brought by Beny Steinmetz in BSGR Case Against George Soros

Beny Steinmetz and the BSGR legal team have entered new statements into evidence in the case against American billionaire George Soros pending at the United States District Court for the Southern District of New York. Steinmetz is being represented by Louis M. Solomon of the Reed Smith law firm. Steinmetz and Solomon argue that the statements form the groundwork for the case, which involves claims of fraud and defamation against Soros amounting to some $10 billion.

Steinmetz’s claims against Soros revolve around an affair involving the Simandou iron-ore deposit in Guinea. Steinmetz alleges that Soros influenced Guinean politicians to enact changes to the country’s mining laws, which in turn led to the expropriation of BSGR’s rights to the deposit in 2010. (The dispute between Steinmetz and Guinea was eventually resolved in 2019 with an out-of-court settlement and all complaints being dropped by both sides.)

George Soros – Festival of Economics 2012 – Trento photo Niccolò Caranti via wikimedia commons

Steinmetz: Soros Motivated by Personal Vendetta

Steinmetz insists that Soros is motivated by a longstanding personal vendetta against him that is rooted in antagonism towards Israel, where Steinmetz was born and raised. Steinmetz has pointed to a recent court case in Sierra Leone brought against a BSGR company—Octea— that was tossed out by the judge on a lack of merit. Steinmetz argues that the case was funded by Soros’s Open Society Foundations.

Soros: BSGR Trying to Advance Argument That Was Rejected in Different Case

In defense, George Soros said that BSGR is seeking to litigate over an issue that Soros claims was clearly resolved in a previous proceeding, namely that held at the London Court of International Arbitration (LCIA). In that case, the LCIA found against BSGR to the tune of $1.1 billion. In response to this argument, Steinmetz claims that he was not able to introduce said statements as evidence in the LCIA proceedings and that the findings of those proceedings are unrelated.

Author: Nataliya Stefanus

Beny Steinmetz and BSGR Seek to Prove Vale Execs Dishonest

How a Truck Accident Can Be Different from a Car Crash

7 ways to motivate your remote project team

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

Tags

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Sign up for our Weekly Newsletter



Recent Posts

Three Ways to Better Protect Your Home

October 2, 2022, Comments Off on Three Ways to Better Protect Your Home
money on fire

With Prices Going Up, What Can You Do in Your Home to Save Money?

October 2, 2022, Comments Off on With Prices Going Up, What Can You Do in Your Home to Save Money?

The Perfect Boracay Vacation: What To Look For In Your Stay

September 21, 2022, Comments Off on The Perfect Boracay Vacation: What To Look For In Your Stay

Five Tips For Experiencing Iceland On A Budget

September 16, 2022, Comments Off on Five Tips For Experiencing Iceland On A Budget

Learn How to Treat These Common Skin Concerns

September 16, 2022, Comments Off on Learn How to Treat These Common Skin Concerns

What’s The Process To Become A U.S. Citizen?

September 16, 2022, Comments Off on What’s The Process To Become A U.S. Citizen?

The Trucking Industry is Ready for a Comeback

September 16, 2022, Comments Off on The Trucking Industry is Ready for a Comeback

5 Reasons Why You Need Multiple Bank Accounts

September 14, 2022, Comments Off on 5 Reasons Why You Need Multiple Bank Accounts

Categories

Archives

At the Movies

Pin It