French-Israeli diamond tycoon arrested in Cyprus on Romanian extradition warrant

French-Israeli diamond magnate Beny Steinmetz was arrested in Cyprus on a Romanian warrant seeking his extradition over an unserved sentence, his spokesman said on Sunday, as Cyprus police confirmed the arrest of an Israeli national.

The foreign national was arrested at Larnaca International Airport on Thursday under a Europol arrest warrant issued by Romania, a police spokesperson told AFP.

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He appeared at a Larnaca court on Friday for an extradition hearing, which is scheduled to resume on September 8.

A Romanian court had sentenced Steinmetz in absentia to five years in jail in 2020 for setting up “an organized criminal group” in a series of land deals between 2006 and 2008 that cost Romania an estimated 135 million euros ($152 million).

“Steinmetz was temporarily held by the Cypriot authorities, during his arrival at the Larnaca airport, due to a European Arrest Warrant (EAW) issued by the Romanian authorities,” a statement from his spokesman said.

The 67-year-old billionaire was being held at a police station as the local Cypriot authorities were set to decide on how to proceed on the matter, the spokesman told AFP.

A Greek court had rejected the same extradition request by Romania last year after Steinmetz was detained in Athens, the statement noted.

“Steinmetz welcomes the opportunity to be vindicated in one more European state against Romania, a country infamous for its disrespect to human rights,” the statement said.

“He is also confident that justice will prevail in Cyprus as well, confirming that the strong foundations of the EU’s moral and legal system will triumph against undemocratic practices such as those of the Romanian authorities.”

In a separate case earlier this year, Steinmetz was found guilty by a Swiss court of corruption linked to mining rights in Guinea, a decision his team said they would appeal at Switzerland’s highest court.

News of his arrest came as Israeli Prime Minister Benjamin Netanyahu travelled to Cyprus for a trilateral summit with the Cypriot president and Greek prime minister on Monday.

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