Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,238 members, 8,005,359 topics. Date: Sunday, 17 November 2024 at 09:58 PM

Nigeria Sorry French Court Fines Equatorial Guinea VP - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Nigeria Sorry French Court Fines Equatorial Guinea VP (302 Views)

Equatorial Guinea Suspends All Officials Involved In The Sex Scandal / Equatorial Guinea Official Arrested Over 400 Sextapes With Vips’ Wives, Sisters / UK Sanctions Teodoro Obiang, Equatorial Guinea's VP, 4 Others Over Corruption (2) (3) (4)

(1) (Reply)

Nigeria Sorry French Court Fines Equatorial Guinea VP by googi: 10:34pm On Feb 10, 2020
While waiting for God to pick up Nigeria's call,


Teodorin Obiang: French court fines Equatorial Guinea VP

An appeal court in France has fined Equatorial Guinea's vice-president €30m ($33m; £25m) for using public money to fund his lavish lifestyle.

Teodorin Obiang, 50, had challenged his 2017 conviction for embezzlement, but the court give him a heavier sentence by refusing to suspend the fine.

The court upheld a ruling of a lower court to seize his assets in France.

He is the son of President Teodoro Obiang Nguema, who is Africa's longest-serving leader.

The president has been in power in the oil-rich state since 1979, and appointed his son as his deputy in 2012.

The case against Obiang was triggered by anti-corruption campaign group Transparency International and a similar non-government organisation, called Sherpa.

Obiang denied the charges, saying his wealth had come from legitimate sources.

He was not in court for his trial or appeal. His lawyers previously accused France of "meddling in the affairs of a sovereign state".
Image copyright AFP
Image caption Mr Obiang, seen here in 2013, said his wealth had come from legitimate sources

Between 2000 and 2011 Obiang acquired a collection of luxury assets and properties in France, including the €25m Avenue Foch mansion.

He also owned 18 luxury cars, artwork, jewellery and designer fashion, the court found.

The fate of the mansion is unclear, as Obiang's lawyers have filed an appeal with the International Court of Justice arguing that it should be offered the same protection as a diplomatic building, AFP reports.

In 2016, Swiss prosecutors seized 11 luxury cars belonging to Obiang.

Last year, the cars - among them Lamborghinis, Ferraris, Bentleys and Rolls Royce - were sold at an auction for about $27m.

Under a deal with prosecutors, some $23m will go to social projects in Equatorial Guinea, a former Spanish colony where poverty is rife.

Prosecutors said Obiang had plundered his country's oil wealth to buy luxuries, including a private jet and Michael Jackson memorabilia.

https://www.bbc.com/news/world-europe-51449951
Re: Nigeria Sorry French Court Fines Equatorial Guinea VP by panafrican(m): 1:26am On Feb 11, 2020
Only the naive ones will bite into that hypocrisy.
Sarkozy plundered Libya, he stole Gaddafi' s money
and killed him. Not only that he destroyed Libya.
What had the French justice system done , nothing.

(1) (Reply)

Hosni Mubarak, Modern Day Pharoah Of Egypt Is Dead. / OPEC : Oil Price War : Who Gains Who Loses ?. / Julius Malema Slams China On Racist Attacks On Africans Over The Coronavirus

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.