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African Satrap’s Laundered Millions Confiscated in France
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African Satrap’s Laundered Millions Confiscated in France

Oct 31, 2017
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African Satrap’s Laundered Millions Confiscated in France
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On Oct. 27, a court in Paris convicted the eldest son of the President of Equatorial Guinea, in absentia for embezzling tens of millions of euros from his government and laundering the proceeds in France.

Teodoro Nguema Obiang Mangue was sentenced to a suspended three-year jail sentence and forfeiture of assets in France valued at more than €100 million …

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