International Finance: Vale Accuses Steinmetz of ‘Elaborate’ Fraud in Mining Deal

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International Finance: Vale Accuses Steinmetz of ‘Elaborate’ Fraud in Mining Deal

More than a decade after Vale SA agreed to pay Beny Steinmetz $2.5 billion for a chunk of the world’s biggest iron-ore deposit, the pair are about to lock horns in a London court with the Brazilian mining giant accusing the Israeli billionaire of an “elaborate” fraud. …
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