Friday, November 24, 2017
News

Equatorial Guinea leader's son on trial in France in absentia

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Paris | Monday, Jun 19 2017 IST
 
The son of Equatorial Guinea's president went on trial today in his absence in Paris on charges of using money plundered from his country to buy Parisian luxury properties and exotic cars.Teodorin Obiang, eldest son of President Teodoro Obiang and a vice-president himself, denies charges of laundering embezzled public funds, for which he risks a sentence of 10 years in jail and huge fines if convicted.The case is the first of several to reach court in a broader judicial investigation into allegations of illicit acquisitions in France by long-time leaders and family relatives in several African countries including Gabon and Congo Republic.Obiang was already put on trial in January but the case, which has been 10 years in the works, was postponed after his lawyers argued their client had not had enough time to prepare his defence.Among the acquisitions at the centre of the trial is a large property bought for 28 million dollars in 2005 on Paris's upmarket Avenue Foch, with gymnasium, hammam steam room, hair-dressing studio and a discotheque with cinema screen.In addition to luxury clothing and jewels, prosecutors say Obiang, built up an exceptional collection of costly cars, which along with clothes, jewels and real estate took the value of all his assets to around 100 million euros.Beyond Obiang's case, the broader French probe known as the "ill-gotten assets" investigation concerns purchases in France by the family of Gabon leader Ali Bongo as well as Congo Republic leader Denis Sassou Nguesso.REUTERS RSD 2333

-- (Reuters) -- C-1-1-DL0435-941263.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE WORLD NEWS
Germany's SPD says open to coalition tal...
Chinese Insurance major embraces Artific...
UNHCR decries PNG police removal of refu...
Nigerian ex-Vice President Atiku Abubaka...
Irish foreign minister says opposition v...
NKorea replaces soldiers, SKorea awards ...
More...
 
INDIA WORLD ASIA
Three day 'Dharma Sansad' begins in Temp...
5 of marriage party killed in UP acciden...
Five Indian films nominated for ICFT-UNE...
Cricket-Australia bowl England out for 3...
Elephant kills man in Bengal...
Twitter amidst testing phase of its 'Boo...
More...    
 
 Top Stories
Sehwag did not know he existed off ... 
Saeed vows to fight for Kashmir aft... 
India committed to secure, inclusiv... 
ED grills Indrani Mukerjea in money... 
I retired as I had enough of gettin... 
Odisha government approves three pr... 
Golfer Chawrasia remains on top in ... 
'Padmavati' should be released afte...