Equatorial Guinea leader's son fined 30mn euros, suspended jail confirmed

Equatorial Guinea leader’s son fined 30mn euros, suspended jail confirmed

The son of E. Guinea’s leader has been given a 30-million-euro fine on Monday by a Paris court on top of a suspended jail term for making use of public money to fund a jet-set lifestyle in Europe.

The son of Equatorial Guinea’s leader Teodoro Obiang Nguema, was convicted in 2017 of embezzlement.

Teodorin Obiang had been given a 3-year jail term with the $32.9 million fine, both sentences suspended.

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Obiang, also a vice president, challenged the decision and fines only to have the Paris appeals court respond with a tougher sentence on Monday by removing the suspended provision from the fine.

The notorious spender fond of fast cars and Michael Jackson memorabilia was present in court for the case.https://tatahfonewsarena.com/brazil-seizes-16m-from-obiangs-entourage-e-guinea-leaders-son/

Obiang, 50, was put on trial on charges of using money plundered from his country’s state coffers to fund a jet-set lifestyle in France, where he bought a six-storey mansion in an ultra-posh part of the capital.

The judges in his initial trial, which he did not attend, had ruled that his 107-million-euro mansion -which boasts a hammam, a disco and gold-plated taps — should be confiscated, along with other assets.

The case, initiated by anti-corruption NGOs, is one of three involving families of African leaders which campaigners hope signals a new willingness of French authorities to tackle money laundering.

Paris has long been a favoured destination for the ill-gotten gains of wealthy figures linked to political leaders in Africa, particularly in France’s former colonies.

When investigators first raided the home, they hired trucks to haul away a fleet of Bugattis, Ferraris, a Rolls-Royce Phantom and other cars as evidence.

Obiang was agriculture and forestry minister before being promoted by his father to vice president, putting him in pole position to succeed him as leader when the post becomes vacant.

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