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World "Good acquired": The Vice President of Equatorial Guinea Teodorin Obiang definitely condemned

17:08  28 july  2021
17:08  28 july  2021 Source:   france24.com

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Le vice-président de Guinée équatoriale, Teodorin Obiang, a été définitivement condamné pour s'être constitué frauduleusement un patrimoine luxueux dans un volet de l'affaire des © Michele Spatari, AFP The Vice President of Equatorial Guinea, Teodorin Obiang, has been definitively condemned for constituting fraudulently a luxurious heritage in a component of the "poorly acquired property" case.

The Court of Cassation voted on Wednesday on the recourse of the vice-president of Equatorial Guinea, Teodorin Obiang, convicted of being formed a fraudulent heritage in France.

The Vice-President of Equatorial Guinea , Teodorin Obiang, was definitively condemned, Wednesday, July 28, for constituting fraudulently a luxurious heritage in an component of the case of "poorly acquired property" , after the rejection of his appeal by the Court of Cassation.

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Teodorin Obiang , 52, had been sentenced by the Paris Court of Appeal in February 2020 to three years in prison, 30 million euros of fine and the confiscation of all its property seized for " Money laundering of corporate goods, diversion of public funds and abuse of confidence "between 1997 and 2011.

The Vice-President, in charge of the defense and security of his country, is known for his taste. luxury and his sumptuous holidays. Justice estimated 150 million euros laundered amounts in France. Teodorin Obiang has set up a car park valued at 5.7 million euros, composed among others from three bugatti, a Rolls-Royce and two Maserati.

Among the property seized during the judicial inquiry is a luxurious building located Avenue Foch, and estimated at 107 million euros, in one of the most upscale districts in Paris.

with AFP

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