Saturday, August 04, 2012

France Gets Serious

According to multiple sources, on July 19 French authorities seized the Paris home of Teodoro Nguema Obiang Mangue.  Obiang is the subject of a French arrest warrant issued in connection with a corruption investigation.

The home, a six-story mansion near the Arc de Triomphe, is estimated to be worth between 100 and 150 million euros.  Last year, eleven luxury automobiles were seized as part of the same investigation.

The arrest warrant and most recent property seizure came after Obiang failed to appear in response to a summons for questioning.  According to his attorney, "Mr. Obiang has judicial immunity as he is the vice-president of Equatorial Guinea and therefore could not attend the summons."  His appointment as vice president in his father's government came in May.

For more on the property seizure, see BBC News, Reuters, or AFP.