Teodorin Obiang faces $30 million corruption fine

A French court has ruled against Teodorin Obiang Nguema, Vice president of Equatorial Guinea, in a year – long embezzlement process launched by a group of anti-corruption NGOs
Obiang was ordered to pay a $32.9 million fine. He also faces a suspended jail term of three years after a lower court found him guilty on a range of charges relating to graft and money
laundering.
Additionally, the Paris appeals court confirmed the seizure of his property, including a six-level mansion in Paris which had been valued at €107 million in 2012.

According to Marc-Andre Feffer of Transparency International France, the ruling is an important moment.
Obiang has appealed to the International Court of Justice, arguing that his residence should be protected as a diplomatic building. A hearing on the issue has been scheduled in The Hague next week.
His legal team has one final option for appeal left — they could challenge the Monday verdict before the Cour de Cassation, France’s highest appeals court for criminal cases.

Your Friends Also Read:  Angola set for crude export boost as Senegal seeks Erha crude

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

Kenyans pay last respects to Moi at state funeral

Next Article

Bashir to face ICC over Darfur crimes, Sudanese official

Related Posts