UK sanctions Equatorial Guinea chief’s son over ‘lavish life-style’ spending
International Secretary Dominic Raab mentioned Teodoro Obiang Mangue, who can be vice chairman of Equatorial Guinea, had participated in “corrupt contracting preparations and soliciting bribes, to fund a lavish life-style inconsistent together with his official wage as a authorities minister.”
The Equatorial Guinea authorities didn’t instantly reply to a request for remark from Reuters.
Britain mentioned Obiang had purchased a $100 million mansion in Paris, a $38 million non-public jet, a luxurious yacht, and dozens of luxurious autos together with Ferraris, Bentleys and Aston Martins.
The overseas ministry mentioned he additionally purchased “a set of Michael Jackson memorabilia together with a $275,000 crystal-covered glove that Jackson wore on his “Unhealthy” tour.
Crackdown on Obiang’s wealth
Obiang’s father President Teodoro Obiang Nguema Mbasogo has dominated Equatorial Guinea since taking energy in a coup in 1979, eleven years after independence from Spain.
The nation grew wealthy up to now few a long time because of the exploitation of its oil reserves, however greater than 76% of the inhabitants stay in poverty, in response to the World Financial institution.