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Fwd: US to seize assets from Equatorial Guinea leader's son  Jupiter Punungwe
 Oct 28, 2011 06:51 PDT 


-------- Original Message --------
Subject: US to seize assets from Equatorial Guinea leader's son
Date: Thu, 27 Oct 2011 22:24:24 +0200
From: Jupiter Punungwe <punu-@telkomsa.net>
To: Jupiter Punungwe <punu-@gmail.com>



I do wish more of this could happen.

============================================


US to seize assets from Equatorial Guinea leader's son

Teodoro Nguema Obiang Mangue, son of Teodoro Obiang Nguema Mbasogo, the
president of Equatorial Guinea.Teodoro Nguema Obiang Mangue serves as
Equatorial Guinea's agriculture minister
Continue reading the main story
<http://www.bbc.co.uk/news/world-africa-15464988#story_continues_1>


    Related Stories

* UN drops Equatorial Guinea award
    <http://www.bbc.co.uk/news/world-africa-11595933>
* French inquiry for Africa leaders
    <http://www.bbc.co.uk/news/world-europe-11720809>
* Equatorial Guinea profile
    <http://www.bbc.co.uk/news/world-africa-13317615>

The US government says it is seeking to recover assets worth more $70m
(44m) from the son of the president of Equatorial Guinea.

Teodoro Nguema Obiang Mangue is accused of using his ministerial
position to plunder his nation's wealth.

His US assets include a Gulfstream jet, yachts, cars and Michael Jackson
memorabilia.

Most residents of Equatorial Guinea lives below the poverty line,
despite the country's vast oil revenues.

Last month, France seized 11 luxury cars belonging to Mr Obiang, who is
known as Teodorin in his home country where he currently serves as
minister of agriculture.

The corruption watchdog Transparency International has put Equatorial
Guinea in the top 12 ofits list of most corrupt states
<http://www.transparency.org/policy_research/surveys_indices/gcb/2010/results>.

'Lived the high life'

US Assistant Attorney General Lanny Breuer said Mr Obiang had amassed
wealth of more than $100m "on a modest government salary".

Continue reading the main story
<http://www.bbc.co.uk/news/world-africa-15464988#story_continues_2>


    "Start Quote

    The United States will not be a hiding place for the ill-gotten
    riches of the world's corrupt leaders"

Lanny BreuerUS assistant attorney general

"While his people struggled, he lived the high life - purchasing a
Gulfstream jet, a Malibu mansion and nearly $2m in Michael Jackson
memorabilia," hesaid in a statement
<http://www.justice.gov/opa/pr/2011/October/11-crm-1405.html>.

Court documents suggest the Michael Jackson memorabilia includes music
industry awards, signed songsheets and pairs of crystal-covered socks.

"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.

Teodorin's father - President Teodoro Obiang Nguema Mbasogo - seized
power from his uncle and has been in power for more than three decades.

A 2004 US Senate investigation into the Washington-based Riggs Bank
found that President Obiang's family had received huge payments from US
oil companies such as Exxon Mobil and Amerada Hess.
	
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