was acquired by Katanga Mining in 2008. Through his company called Scorpio, he owns real estate in Kazakhstan, Russia, and Eastern Europe. In March 2014, the Swiss daily Le Temps reported that Beny Steinmetz had sold shares in the Steinmetz Diamond Group (SDG) to his brother Daniel. In March 2015, BSG Capital owned a 16% share of Gabriel Resources. As of March 2015 BSG Capital, a subsidiary of BSGR, held a 16% share in Gabriel Resources Ltd. In June 2016, it was reported that BSGR had divested itself of most of its holdings in Cunico Resources, in favor of International Mineral Resources, with which it had ownership of FENI Industries in a joint venture. As late as 2017, Steinmetz reportedly owned Cunico Resources which operates in North Macedonia and Kosovo, as well as Canada-based Gabriel Resources, a gold-mining company seeking (unsuccessfully thus far) to reopen a mine in Romania. In 2017 Cunico Resources, which was based on The Netherlands, requested arbitration with North Macedonia at the International Centre for Settlement of Investment Disputes over its FENI Industries property in Kavadarci. The arbitration "Claims arising out of the alleged interference by the Government in the claimant’s planned sale of FENI Industries, which allegedly led to initiation of bankruptcy proceedings against FENI" was later discontinued, and FENI was sold to EuroNickel Industries. On 14 August 2017, Steinmetz was arrested as part of a joint investigation by Israeli and Swiss anti-corruption officials over allegations of fraud, breach of trust, bribery, obstruction of justice and false registration of corporate documents with the apparent purpose of money laundering. He was released to house arrest on 17 August 2017. In spring 2018, the BSGR went into voluntary receivership "in the face of bribery allegations". In June 2019, two months after losing in the London Court of International Arbitration a $2-billion arbitration against Vale, BSGR sought bankruptcy protection in the U.S. At that time, BSGR sued Soros, alleging a defamation campaign that cost the company its rights to Simandou and at least $10 billion." In November 2019 Forbes estimated his net worth at $1.1 billion. In January 2021, Beny Steinmetz was found guilty in a Swiss court of bribing senior foreign public officials and fraud and forgery of corporate documents. This pertained to the granting of rights to an iron ore mine in Guinea. He was sentenced to 5 years in prison and a fine of 50