FRANCE FINES SON OF EQUATORIAL GUINEA LEADER €30 MILLION FOR CORRUPTION

On 10 February, Deutsche Welle reported that Teodorin Obiang was ordered to pay a €30 million fine and faces a suspended jail term of 3 years after a lower court found him guilty on a range of charges relating to graft and money laundering.  Additionally, the Paris appeals court confirmed the seizure of his property, including a 6-level mansion in Paris which had been valued at €107 million in 2012.

https://www.dw.com/en/france-fines-son-of-equatorial-guinea-leader-30-million-for-corruption/a-52330834

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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