Police Raid Israeli Diamond Billionaire's Geneva home

Swiss police staged a mysterious raid on the Geneva home Israeli diamond billionaire Benny Steinmetz, according to an anonymous source close to the incident and who was quoted by Bloomberg News.

Geneva’s public prosecutor reportedly ordered the raid on the basis of a request by the Guinea government, but no one is making any comments or explaining why the raid took place.

Police did not confiscate nay documents.

Steinmetz’s BSG Resources mining company owns 51% of the Simandou iron ore deposit in Guinea, which is reviewing mining license. A U.S. grand jury in April began investigating allegations that Steinmetz’s BSG company paid bribes for mining rights in Guinea.