Teodoro (or Teodrin) Nguema Obiang Mangue is the son of the corrupt President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea.
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| Corruption Buys A Lot Of House |
As discussed in the past, he's as corrupt as his father and has amassed a huge fortune in monies stolen from his poor countrymen.
Well maybe his time has run out .... the US government says it is seeking to recover assets worth more $70m (£44m) from this 'playboy' thief, and last month France finally acted, and seized 11 luxury cars belonging to Mr Obiang. They had acted because as the US Attorney General stated ... Mr Obiang had amassed wealth of more than $100m "on a modest government salary".
"We are sending the message loud and clear: the United States will not be a hiding place for the ill-gotten riches of the world's corrupt leaders," Mr Breuer said .... well about time is what most of us are thinking.
It has always smelt bad that thieves could bankrupt their countries by stealing all the money, force them to have to beg for loans from the West, and then retire with millions or billions of stolen cash in France or the US. It's estimated for example that in Nigeria alone, more than $400 billion was stolen from the treasury by Nigeria's leaders between 1960 and 1999 .... its never been recovered.
Of course if we weren't paying bribes in the first place it might help stamp this out ... President Obiang's family have allegedly received huge payments from US oil companies such as Exxon Mobil and Amerada Hess.
"We are sending the message loud and clear: the United States will not be a hiding place for the ill-gotten riches of the world's corrupt leaders," Mr Breuer said .... well about time is what most of us are thinking.
It has always smelt bad that thieves could bankrupt their countries by stealing all the money, force them to have to beg for loans from the West, and then retire with millions or billions of stolen cash in France or the US. It's estimated for example that in Nigeria alone, more than $400 billion was stolen from the treasury by Nigeria's leaders between 1960 and 1999 .... its never been recovered.
Of course if we weren't paying bribes in the first place it might help stamp this out ... President Obiang's family have allegedly received huge payments from US oil companies such as Exxon Mobil and Amerada Hess.
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