Sierra Leone court freezes Israeli billionaire Beny Steinmetz’s Octea assets
The High Court of Sierra Leone on Wednesday granted an interim freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz’s BSG Resources (BSGR) in a lawsuit over alleged environmental damage around Octea’s diamond mine.
The lawyer for the plaintiffs had requested a freezing
order, saying there was a “clear and present risk” the defendants could
expatriate funds in order to avoid having to pay out if the court rules against
them.
The lawsuit against Octea subsidiary Koidu Limited, filed in
March last year by 73 plaintiffs living around the mine, says they have
suffered respiratory infections and headaches due to the mine, and seeks $288
million in damages.
Octea will appeal the judgment on Thursday, lawyers for the
plaintiffs told Reuters.
High Court judge Justice S.O. Williams said: “This is just
an interim order. They [Octea] will come in tomorrow and the two sides will
have time to argue their own positions. At that point it’s just a matter of who
is best able to make a compelling case to the court.”
A BSGR spokesman did not immediately reply to a request for
comment on the freezing order.
The spokesman previously said BSGR would not comment until
there was a legal ruling.
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