US accuses dictator's son of looting $100m from Equatorial Guinea (The Guardian)

US accuses dictator's son of looting $100m from Equatorial Guinea (The Guardian)

David Smith October 26, 2011
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Teodorin Obiang, the eldest son of Teodoro Obiang, the autocratic president of Equatorial Guinea, is the target of a US government court action to seize nearly $71m worth of assets allegedly siphoned off through corruption.

 

The playboy son of an African dictator is accused by the United States of looting more than $100m (£63m) from his impoverished country to go shopping for a Malibu mansion, a Gulfstream jet and the late Michael Jackson's white, crystal-covered glove.

Teodorin Obiang, the eldest son of Teodoro Obiang, the autocratic president of Equatorial Guinea, is the target of a US government court action to seize nearly $71m worth of assets allegedly siphoned off through corruption.

The US justice department claims that Teodorin plundered the tiny west African's country's natural resources to buy a $1.8m treasure trove of Jackson memorabilia, some without his name being used, between June 2010 and June this year.

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