Probe into Obiang’s son’s extravagances
PARIS: The French authorities are investigating yet another African leader, or relative of an African leader, on charges of corruption and plundering the resources of their homeland.
The trial of Teodorin Obiang, the son of Equatorial Guinea President Teodoro Obiang Nguema Mbasogo, who is facing charges of laundering and embezzling public funds, has started in Paris.
Obiang, 48, stands accused of using money plundered from Equatorial Guinea to buy lavish properties, cars and other goods in France, Euronews reported.
Prosecutors allege that Obiang’s $80 000 annual salary as farming and forestry minister in the oil-rich African country does not tally with his extravagant purchases which include a 25 million property on the upmarket Avenue Foch in Paris, luxury cars, jewels and clothes all totalling about 100m.