Stella Dimoko Korkus.com: President's Son Jailed In France And His 100 Million Euros Worth of Assets Confiscated

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Saturday, 28 October 2017

President's Son Jailed In France And His 100 Million Euros Worth of Assets Confiscated

Millions of euros of assets belonging to the son of Equatorial Guinea's president were ordered to be seized by a French court that found him guilty in absentia on Friday of using money plundered from his country to buy property and luxury cars.




The Paris court found Teodorin Obiang, 48, guilty of embezzlement, and ordered the confiscation of more than 100 million euros worth of his French assets. Obiang denied the charges. Obiang, eldest son of President Teodoro Obiang and a vice president himself, was also handed a three-year suspended prison sentence and a suspended 30 million euros ($34.78 million) fine.


His father, President Teodoro Obiang Nguema Mbasogo, has ruled Equatorial Guinea - a former Spanish colony - for more than three decades, making him one of Africa's longest-serving leaders, and rights groups have labelled his administration as one of the world's most corrupt.

From Reuters

10 comments:

Olivia Silk said...

Awwwwwwwwww
See his cute face!
Omg that nose😋😋😋😋

Just Bella. said...

Na wah.... The guy even look like the president with the convoys and bodyguard... Let Justice prevail.

QQ said...

£100 million, Jesus help Africa.

Anonymous said...

God is good!!!

The African man will keep his brothers and sisters in illiteracy and poverty so he can drink champagne at breakfast. Then they will form proud and demand respect for the dilapidated countries they are running and want other leaders who are running functional countries to treat them as equals, ridiculous and cruel bunch.

Anonymous said...

African presidents children will never know peace. They are worse than their fathers.

Anonymous said...

Way to go. Naija if we don't go all out for these polithievians we will not truly fight corruption. A situation they will say Patience return money then people from south south will cry foul is unacceptable and undoing oneself. See as Nigerians are stranded in Libya, some swallowed in watery grave like Pharaoh and his men.
Enough is Enough. This wickedness must stop. The resources is for us all.

Anonymous said...

Jail Dem 4 us. Pls help us. They are parading USA to Europe with stolen money.

Lepa shandy is back said...

American rapper, Eve, chop this guy no be small.
Imagine? Making your son the vice president. And their people sitdown dey look. Muderfuckrz!!!!

Anonymous said...

Well said.👏

Anonymous said...

our way of thinking in Africa is primitive, we think only of ourselves. Most Africans don't care if people suffer as long as they are living a comfortable life. If this type of mentality continues in Africa we are definitely going no where.

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