Billionaire Beny Steinmetz arrested in Cyprus
Israeli billionaire Beny Steinmetz, who was found attempting to secure land rights illegally in Romania, has been arrested in South Cyprus. The mining industry magnate Steinmetz was reportedly arrested in South Cyprus last Thursday.
According to Politis newspaper, Steinmetz was detained in South Cyprus on Thursday when he arrived at Larnaca Airport from Greece, following a European arrest warrant issued by Romanian authorities. Sources from the Cypriot police confirmed Steinmetz's arrest to the "politis.com.cy" news site.
The newspaper noted that Steinmetz is expected to appear in court later this week and mentioned that he had been trying to unlawfully secure land rights in Romania.
Politist also reported that, according to the European arrest warrant issued by Romania, Steinmetz had been arrested in other European countries before but was subsequently released. It further stated that the Israeli billionaire had been found guilty of corruption in a case related to mining permits for iron ore deposits in Guinea.
The newspaper added that a few years ago, "Bloomberg" estimated Steinmetz's net worth at $8 billion, naming him the richest person in Israel.
Meanwhile, Fileleftheros newspaper, in an article titled "Diamond King Arrested," stated that the Larnaca District Court ordered Steinmetz to remain in custody until September 8th following his arrest at Larnaca Airport last Thursday.
The newspaper also mentioned that Beny Steinmetz would be represented in court by a prominent Cypriot criminal lawyer.
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