France’s highest appeal court upholds guilty verdict against Teodoro Obiang Mangue
New French law stipulates proceeds from sale of assets worth millions of euros should go back to Equatorial Guinea, where his father is presidentThe seized cars of Teodoro Nguema Obiang Mangue include : Lamborghini Veneno, Koenigsegg One:1, McLaren P1 and Bugatti Veyron. Picture: BONHAMS
Transparency International, which was party to the case, has estimated that the seized goods, which include a mansion in the heart of the French capital, are worth about €150m. Now that there can be no more appeals in this case, the assets are set to be put on sale under a new French law that stipulates that the money, instead of going to the French state’s coffers, should go back to Equatorial Guinea.
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