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French court to rule on illegal assets of E. Guinea president son
28 Jul 2021

France’s top appeals court on Wednesday rules on the conviction handed to the powerful son of the president of Equatorial Guinea for building up luxury assets in the country with illegally obtained funds.

If the Court of Cassation throws out the appeal by Teodorin Obiang, who is vice president of the poverty-stricken central African country, his assets could be redistributed to the country’s people under a new French law passed this month.

The case against Obiang, the son of Equatorial Guinea President Teodoro Obiang who has ruled the country since 1979, is the most advanced of several opened in France against mainly African elites over ill-begotten assets.

The ruling will come two days after Equatorial Guinea closed its embassy in London following a move by Britain to impose sanctions against Teodorin Obiang.

Britain accused Teodorin Obiang of siphoning off state assets into his own bank accounts to fund a luxurious lifestyle, including mansions around the world, luxury cars and the crystal-covered glove that Michael Jackson wore on his 1987-89 “Bad” tour.

Murielle Kasprzak, AFP, 28 July 2021

Read more by AFP via Yahoo News

Photo: United Nations Photo [CC BY-NC-ND 2.0] via Flickr

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