Soros Calls $10 Billion Steinmetz Mine Suit a ‘Frivolous’ Stunt – by Jesse Riseborough and Franz Wild (Bloomberg News – April 18, 2017)

https://www.bloomberg.com/

George Soros hit back at allegations that he supported a defamation campaign that resulted in Israeli mining magnate Beny Steinmetz being stripped of rights to one of the world’s most lucrative mineral deposits.

Soros funded law firms, transparency groups, investigators and government officials in the West African nation of Guinea in a coordinated effort to ensure BSG Resources Ltd. lost the rights to the Simandou iron ore deposit in April 2014, BSGR said in a complaint filed Friday in Manhattan federal court. Companies controlled by Steinmetz allege the actions of the Soros-funded groups cost them at least $10 billion.

“The allegations in BSGR’s lawsuit are frivolous and entirely false,” Michael Vachon, a spokesman for Soros, said in an emailed statement. “The lawsuit is a desperate PR stunt meant to deflect attention from BSGR’s mounting legal problems across multiple jurisdictions.”

The complaint is serious, with “allegations covering multiple contraventions of the rule of law,” a BSGR spokesman said in response to Vachon’s comments. “BSGR is doing what is necessary in order to hold these parties accountable.”

In the complaint, BSGR alleges that Soros was driven by a grudge dating back to 1998 around a business in Russia and his alleged hostility towards Israel.

For the rest of this article, click here: https://www.bloomberg.com/news/articles/2017-04-18/soros-calls-10-billion-steinmetz-mine-suit-a-frivolous-stunt

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