The Paris correctional Tribunal has condemned this Friday to three years ' imprisonment exempted from Vice-President of Equatorial Guinea, Teodoro Nguema Obiang Mangue, known as Teodorín and son of president, for money laundering in France achieved in Their own country through corrupt practices. The three judges have also imposed a fine — equally exempt from compliance — of 30 million euros. Teodorín's lawyer, Sergio Abeso Tomo, has announced that y would appeal verdict.
In addition, all goods purchased in France have been confiscated by means of supposed bleaching, and which are currently valued at more than 100 million euros, among which is a property with dependencies of current Embassy of equatorial Guinea in Paris.Learn More
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The President of Tribunal, Bénédicte de Perthuis, underlined in reading of ruling that "re is little doubt" that money used to buy m came from practices of "embezzlement of public funds" and "corruption" of current vice-president in his country .
Above all, he recalled that as Minister of Agriculture and Forest resources in mid-2000 's, his earnings were around $80,000 annually and "No comparison was possible" with flows of tens of millions of dollars found in his accounts, Which he insisted had come to a large extent equatorial public treasury.
The court also decreed that Obiang Mangue should indemnify with 10,000 euros to Transparency International, which was at origin of process against him by denouncing it to French justice a decade ago in a campaign known as "bad goods Acquired "against corruption in various African regimes.
The national financial prosecutor, in fact, launched this case's instruction on basis of its complaint and or non-governmental organizations, which in March 2007 alerted corrupt origin of numerous assets that Teodorín, n minister, had Accumulated in France.
The number two of regime of equatorial Guinea and son of current head of state did not go to Paris this morning to reading of sentence, as it had not come to trial, which took place between June and July last in midst of a great media expectation.
Although opposition group known as Cored Coalition to which severe Moto is associated — one of historical ones of fight against Obiang regime — had been presented as a particular indictment, judges finally did not recognize that condition.