FRENCH COURT CONVICTS GUINEAN PRESIDENT’S SON FOR EMBEZZLEMENT
October 1st, 2017
A Paris court has convicted Teodoro Nguema Obiang Mangue, the vice-president of Equatorial Guinea, of embezzling more than EUR150 million (USD174 million) of public money. His is also the son of the small central African country’s President Teodoro Obiang Nguema Mbasogo. In a October 27 ruling the court confiscated all of Obiang’s assets in France and handed down a suspended three-year prison sentence plus suspended fine of EUR30 million (USD35 million). Obiang Mangue is not going to jail as it stands, however, as he was convicted in absentia. Nonetheless, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.