Equatorial Guinea Archives - Jean-Jacques Cornish https://jjcornish.com/category/equatorial-guinea/ The low down on African affairs Mon, 10 Feb 2020 22:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 Equatorial Guinea Archives - Jean-Jacques Cornish https://jjcornish.com/category/equatorial-guinea/ 32 32 French court upholds seizure of goods bought with embezzled Equatorial Guinean funds https://jjcornish.com/2020/02/french-court-upholds-seizure-of-goods-bought-with-embezzled-equatorial-guinean-funds/ Mon, 10 Feb 2020 22:00:00 +0000 https://jjcornish.com/2020/02/french-court-upholds-seizure-of-goods-bought-with-embezzled-equatorial-guinean-funds/ France’s Appeal Court has upheld the seizure of the ill-gotten property of Equatorial Guinea’s Deputy President Teodorin Obiang. The 50-year-old, appointed by his father three years ago, has already has property impounded by the  Swiss and Brazilian governments. ends intro The Appeal Court in Paris upheld an earlier ruling by a lower court seizing property, […]

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France’s Appeal Court has upheld the seizure of the ill-gotten property of Equatorial Guinea’s Deputy President Teodorin Obiang.

The 50-year-old, appointed by his father three years ago, has already has property impounded by the  Swiss and Brazilian governments.

ends intro

The Appeal Court in Paris upheld an earlier ruling by a lower court seizing property, luxury cars, fashion and jewellery bought with money embezzeled from Equatorial Guinea by the deputy president.

It furthermore fined Teodorin Obiang 30-million euros for using public money to fund his lavish lifestyle.

Switzerland will auction  11 luxury cars taken from him and Brazilian authorities have confiscated $15-million worth of his luxury watches.

Equatorial Guinea has deployed what it calls French meddling in their affairs.

Obiang was not in court for the ruling 

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Equatorial Guinea gives China $2-million to fight coronavirus https://jjcornish.com/2020/02/equatorial-guinea-gives-china-2-million-to-fight-coronavirus/ Thu, 06 Feb 2020 22:00:00 +0000 https://jjcornish.com/2020/02/equatorial-guinea-gives-china-2-million-to-fight-coronavirus/ Oil-rich Equatorial Guinea has give $2 million to China to help fight the coronaviras outbreak. Death toll from the flu-like ailment has topped 600 and 31 000 people have been sickened – mostly in China. It is not sure how China will spend the $2-million given by Equatorial Guinea. The World Health Organisation says China […]

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Oil-rich Equatorial Guinea has give $2 million to China to help fight the coronaviras outbreak.

Death toll from the flu-like ailment has topped 600 and 31 000 people have been sickened – mostly in China.

It is not sure how China will spend the $2-million given by Equatorial Guinea.

The World Health Organisation says China is running out of surgical masks and protective equipment used to prevent the virus spreading.

President Teodoro Obiang Nguema says the donation from Equatorial Guinea reflects the  deep and longstanding bilateral relationship.

China has always shown  the deepest support and solidarity to Equatorial Guinea.

There has been no confirmed coronavirus infection in subSaharan Africa but many countries have taken preventative measures.

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Luxury cars seized from son of Equatorial Guinea President’s son fetch million on auction https://jjcornish.com/2019/10/luxury-cars-seized-from-son-of-equatorial-guinea-presidents-son-fetch-million-on-auction/ Mon, 30 Sep 2019 22:00:00 +0000 https://jjcornish.com/2019/10/luxury-cars-seized-from-son-of-equatorial-guinea-presidents-son-fetch-million-on-auction/ Supercars seized from the son of Equatorial Guinea’s President Teodoro Obiang Nguema fetched more than $25 million when they went under the hammer in Geneva yesterday. Most of that will go back to funding special projects in the oil-rich African state. Swiss charges against Toedorin Obiang Nguema were dropped in 2017. But the Bern authorities […]

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Supercars seized from the son of Equatorial Guinea’s President Teodoro Obiang Nguema fetched more than $25 million when they went under the hammer in Geneva yesterday.

Most of that will go back to funding special projects in the oil-rich African state.

Swiss charges against Toedorin Obiang Nguema were dropped in 2017. But the Bern authorities keep the goods they seized – including the cars and a 76-metre luxury yacht.

The most valuable  car was a 2014 Lamborgini Veneno roadster, one of only nine made to celebrate the manufacturer’s 50th anniversary. It sold for $8,5 million – service manual and tools included.

The president’s son, worth $600 million  was sentenced by a Paris court to three years in jail for siphoning off funds from Equatorial Guine to buy luxury goods. 

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Equatorial Guinea vice president on trial for corruption in France https://jjcornish.com/2017/01/equatorial-guinea-vice-president-trial-corruption-france/ Mon, 02 Jan 2017 22:00:00 +0000 https://jjcornish.com/2017/01/equatorial-guinea-vice-president-trial-corruption-france/ Equatorial Guinea’s vice president’s gone on trial in Paris for corruption. Teodorin Obiang, who’s the son of his country’s president is accused of plundering $115m. Teodorin Obiang owns luxury properties, yachts, cars – and Michael Jackson’s crystal glove He’s luxuriated in spectacular mansions in Malibu and Paris, traveled in expensive sports cars, yachts and a […]

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Equatorial Guinea’s vice president’s gone on trial in Paris for corruption.

Teodorin Obiang, who’s the son of his country’s president is accused of plundering $115m.

Teodorin Obiang owns luxury properties, yachts, cars – and Michael Jackson’s crystal glove

He’s luxuriated in spectacular mansions in Malibu and Paris, traveled in expensive sports cars, yachts and a private jet, amassed a multi-million-dollar art collection and once went on a reported $80 000 shopping spree at Gucci.

Increasingly, justice seems to be catching up to the, 47-year-old son jet setter not in his impoverished homeland, but in the western nations where he flaunts his allegedly ill-gotten gains.

Obiang’s not expected to be present and he reportedly will plead not guilty to charges of corruption, money laundering and embezzlement of public funds.

The trial is groundbreaking in France, a favorite haunt for African leaders with questionable fortunes.

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