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Article

27 Oct 2017

Author:
BBC (UK)

Equatorial Guinea VP Teodorin Obiang sentenced in France

A French court has handed down a three-year suspended jail term to Equatorial Guinea's Vice President Teodorin Obiang for corruption.

...He...was found guilty of embezzlement. His assets in France will be seized, including a mansion on Avenue Foch in Paris. He also got a suspended fine of 30m euros (£27m; $35m).

...The Paris judge found that the president's son had used his position as agriculture and forestry minister to siphon off payments from timber firms who were exporting from Equatorial Guinea.

Mr Obiang's forestry company Somagui Forestal was "an empty shell used solely to channel public money", prosecutors said. The case against him was triggered by...Transparency International and...Sherpa.

...It is the first of three French investigations into the alleged "ill-gotten gains" of long-standing African leaders and their families.

 [Also refers to Somagui Forestal] 

 

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