France Seizes Mansion Belonging To Equatorial Guinea Leader's Son In Corruption Probe

By Maya Shwayder | August 03 2012 4:00 PM

The French government has seized the Paris mansion belonging to the family of Equatorial Guinea's leader Teodoro Obiang Nguema as part of a corruption investigation against the leader's son, Teodoro Nguema Obiang Mangue, according to the AFP.

Reuters

Equatorial Guinea's President Obiang attends meeting with Chinese counterpart Hu at the Great Hall of the People in Beijing. Several of the assets belonging to Obiang's son in France have been seized by the French government.

Sponsorship Link

The six-story mansion is reportedly worth between 100 million and 150 million euros. It was seized on July 19th while the government is investigating charges of graft, embezzlement, and money laundering, against Obiang according to Reuters.

Obiang Mangue is also the agriculture minister and second vice-president for the West African country. His father has ruled the country for over 30 years and is considered one of the most corrupt world leaders.

French judges, Roger Le Loire and Rene Grouman, issued warrants for Obiang Mangue in July, a source told AFP, and the government has reportedly been investigating him since 2010. They seized several luxury cars from the same property in 2011.