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Equatorial Guinea President’s Son denies the 11 Seized Cars Belong to Him & Claims Diplomatic Immunity

NAN

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teodorin-obiang

Teodorin Obiang

Teodorin Obiang, eldest son of Equatorial Guinea’s leader now faces money laundering charge in Switzerland as his 11 choice cars have been impounded by Swiss police.

In a move similar to French police action in 2013, Geneva police impounded Obiang’s Bugatti Veyron, four Ferraris including an Enzo and 599GTB, a Porsche 918 Spyder, a Lamborghini Veneno, a Maybach, the Koenigesegg, an Aston Martin and a McLaren P1.

Through his lawyer, 47-year-old Teodorin Obiang, who is also the small central African country’s vice president, denied that the vehicles – which include a Bugatti, several Ferraris and a rare Koenigsegg sports car – belonged to him.

Obiang is the son of 73-year-old President Teodoro Obiang Nguema Mbasogo, who has ruled Equatorial Guinea for nearly four decades since a 1979 coup. He was re-elected in April.

Switzerland had previously been asked for help by French justice officials, who plan to put the younger Obiang on trial for suspected money laundering.

France had seized many choice cars belonging to Obiang, on suspicion he acquired them with stolen state money and then auctioned them for a fraction of their worth.

French authorities also seized many millions of dollars’ worth of art, fine wine and antique furniture from the €80 million, 101-room Paris mansion belonging to him.

Obiang, who as vice president is in charge of defence and security affairs, denies any wrongdoing.

“The Geneva public prosecutor confirms the opening of criminal proceedings against Teodorin Obiang. The latter is accused of money laundering,” the prosecutor’s office said in an e-mailed statement.

teodorin-obiang-seized-cars-in-2013

Obiang cars seized in Paris in 2013

“As part of the procedure, 11 vehicles were effectively sequestered in the cargo area of Geneva airport on behalf of the prosecution,” it said.

Obiang has previously said his wealth, which has enabled him to buy luxury real estate in Paris, a private jet and exotic sports cars, was amassed legitimately.

Obiang’s lawyer in Paris told Reuters that the cars seized in Switzerland did not belong to his client. “These are not his vehicles,” Emmanuel Marsigny said.

A trial date is currently being decided in France and a source close to the matter said it could come as soon as January 2017.

Equatorial Guinea, an oil producing former Spanish colony, has urged judges at the United Nations’ highest court to order France to halt the proceedings against its vice president on the charges of money laundering and corruption.

Obiang is claiming diplomatic immunity, but a French court ruled that the charges relate to his private life in France and not to his official functions.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

4 Comments

  1. Suga

    November 4, 2016 at 11:10 am

    Thank God he is being tried abroad. He will not get away with these allegations. See his curly hair, Like he is immortal, even his wives and children should also be checked for money laundering. Imagine how long his father has been the president and him the vice president. SHAME ON AFRICAN LEADERS! It’s forward never and backward ever.

  2. jummai

    November 4, 2016 at 1:57 pm

    But why……why is he so greedy

  3. Ariere

    November 4, 2016 at 2:23 pm

    To realise 95% of the country’s population live in Abject Poverty. Shame on Him and his father.

  4. See

    November 4, 2016 at 3:30 pm

    Bugatti Veyron, Ferrari, McLaren et al. African leaders can steal their whole nation. How can a man be president and his son vice-president? This is ridiculous.

    Regarding Equitoral Guinea “The UN says that less than half of the population has access to clean drinking water and that 20% of children die before reaching the age of five.” Source: Wikipedia

    And Nigerian leaders aren’t any better. Sad.

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