France Seizes £118 Million Mansion of Equatorial Guinea Leader’s Family
4th August 2012
The six-storey mansion on the Avenue Foch of the chic 16th arrondissement, reportedly worth between 100 and 150 million euros, was seized on July 19 in connection with the investigation into Teodorin Obiang, a source close to the inquiry told the AFP news agency.
French judges Roger Le Loire and Rene Grouman, who suspect Teodorin Obiang of using embezzled funds, in July issued an international arrest warrant for the president’s son, four months after beginning proceedings and after he ignored a second summons for questioning.
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Teodorin Obiang has since May been second vice-president of the oil-rich west African country, which has been ruled with an iron fist since 1979 by his father.
Sheesh — it’s not even profitable to be a corrupt Third-World dictator any more. What’s the world coming to?