Friday, November 04, 2016

Geneva investigates son of Equatorial Guinea's leader...

Geneva prosecutors said on Thursday they have opened a money laundering probe targeting the son of Equatorial Guinea's leader, accused of plundering his country to buy luxuries including a private jet and Michael Jackson memorabilia.

As part of the investigation against Teodorin Obiang, authorities in the Swiss city have seized 11 cars, said Vincent Derouand, spokesman for prosecutors in Geneva's cantonal government.

Among them were a Porsche 918 Spyder, valued at more than 750,000 euros ($830,000) and a Bugatti Veyron which sells for in excess two million euros, according to the L'Hebdo news site.

Obiang, 47, was in June promoted by his authoritarian father Teodoro Obiang Nguema to be vice president of the oil-rich west African nation.

 Obiang was already set to face trial in France next year on corruption and embezzlement charges, although he is not expected to appear in court. Full story...

Related posts:
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  2. International arrest warrant sought for playboy son of Equatorial Guinea president...
  3. French police seize 11 super cars worth £5million from African dictator's mansion...
  4. African dictator's son orders £236 million luxury super yacht... 
  5. Who cares about Equatorial Guinea? Or its president Teodoro Obiang? 
  6. Dictators and their sons: Col Gaddafi's billionaire children... 
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