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.
