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Re: Fwd: US to seize assets from Equatorial Guinea
leader's son
 Oct 28, 2011 14:31 PDT 

A tedious process of common bare-faced theft that has occurred all over Bloddy Africa, and is now being borrowed by European politicians. No ruling political party or the Eu organisation has the moral authority to criticise the kleptomaniac Mugabe, because each one of them are the same thieving bastards.

Before Africa can pick its way out of the mire, there will have to be a European rebellion against the EU and sympathetic European states. And if African Countries are genuinely interested in getting on their feet, they are going to have to forget all the ancient retoric about colonialism, and learn to allow experts from developed countris to guide them back to the path of prosperity that they had before they fucked everything up through personal greed and savagery.

---- Jupiter Punungwe <punu-@gmail.com> wrote:

-------- 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

     Related Stories

   * UN drops Equatorial Guinea award
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   * Equatorial Guinea profile

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

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

'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

     "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

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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