Teodoro Nguema Obiang Mangue
The son of Equatorial Guinea’s president has been accused of embezzlement by European as well as US prosecutors, with authorities confiscating some of his property in their respective countries.
In 2017, Nguema, who is currently the vice president of the oil-rich nation, was convicted by a Paris court for embezzling tens of millions of dollars from his government and laundering the proceeds in France. His assets in France valued at over $115 million were also seized.
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Earlier in 2014, the lavish vice president also handed over $30 million worth of properties to U.S. officials including a large villa in Malibu, California, and a dozen luxury cars, but kept his $38 million private jet and Michael Jackson memorabilia.
In 2011, 11 of his luxury cars in France were seized by Paris police and later auctioned off in 2013 by a Paris auction house. In 2019 also, Swiss authorities put up 25 luxury cars that were seized from him for auction. The cars, which were valued at over $20 million, included an Aston Martin, Bentley, Bugatti, Ferrari, Koenigsegg, Lamborghini, Maserati, Mercedes-Maybach and Porsche, with models ranging from hypercars to luxury convertibles and limousines.
The cars were seized in 2016 by the government of Switzerland on suspicion of money laundering and mismanagement of public assets, charges he denied, claiming he did not own the vehicles. This was immediately followed by the seizure of his 250-feet luxurious yacht worth $120 million by the Dutch over the same charges.
