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03 December, 2023
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Israeli tycoon Benny Steinmetz arrested on arrival in Cyprus

European arrest warrant issued in Romanian fraud case


Israeli billionaire mining tycoon Benny Steinmetz was arrested upon his arrival in Larnaca last Thursday and is expected to make a court appearance later this week.

His arrest stems from a European warrant issued by Romanian authorities. Steinmetz was convicted in absentia in Romania in a fraud case linked to land purchase and exploitation.

In December 2020, Romanian authorities imposed a five-year prison sentence on him in connection with this case, subsequently issuing a European arrest warrant for the Israeli businessman.

However, in March 2022, Greece rejected this arrest warrant, a decision also upheld by Italy.

Notably, Benny Steinmetz faced a previous arrest in November 2021 at Athens' Eleftherios Venizelos airport due to an international Interpol Romania warrant on fraud charges.

(Information sourced from The Times of Israel and Reuters)

Cyprus  |  Israel  |  crime

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