Teodorin Obiang, accused of plundering $115m, owns luxury properties, yachts, cars – and Michael Jackson’s crystal glove
The days of the Bugattis, the chateau Pétrus and the fine Parisian restaurants may be over for Teodorin Obiang – at least in western Europe.
The son of Equatorial Guinea’s leader is due to go on trial for corruption and money laundering in a landmark case in France.
Obiang, the 47-year-old vice-president of the oil-rich but impoverished African country, faces an array of legal cases across Europe as authorities on the continent investigate the sources of his vast wealth and uncover new and even more extravagant ways that he spent some of it.
US officials have already forced Obiang to forfeit property after accusing him of “shamelessly” looting his country. In a settlement, Obiang agreed to hand over more than $30m (£24.5m) worth of properties, including a vast villa in Malibu, California, and a dozen luxury cars. Full story...
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The days of the Bugattis, the chateau Pétrus and the fine Parisian restaurants may be over for Teodorin Obiang – at least in western Europe.
The son of Equatorial Guinea’s leader is due to go on trial for corruption and money laundering in a landmark case in France.
Obiang, the 47-year-old vice-president of the oil-rich but impoverished African country, faces an array of legal cases across Europe as authorities on the continent investigate the sources of his vast wealth and uncover new and even more extravagant ways that he spent some of it.
US officials have already forced Obiang to forfeit property after accusing him of “shamelessly” looting his country. In a settlement, Obiang agreed to hand over more than $30m (£24.5m) worth of properties, including a vast villa in Malibu, California, and a dozen luxury cars. Full story...
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