Geneva closes graft case against Obiang’s son, confiscates 25 luxury cars
08 Feb 2019

Swiss prosecutors said on Thursday they had closed a money-laundering inquiry into a son of the President of Equatorial Guinea with an arrangement to sell 25 confiscated luxury cars to fund social programmes in the former Spanish colony.

The probe, opened in October 2016, also concerned misappropriation of public assets by Teodoro Obiang, the Geneva prosecutor’s office said in a statement. Obiang, widely know as Teodorin, was accused along with two others whose names were not given.

“The 25 vehicles …will be sold and the net product will be handed over to a social programme on the territory of Equatorial Guinea,” the statement said.

Link to Reuters.

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Geneva closes graft case against Obiang’s son, confiscates 25 luxury cars”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.