Latest update April 20th, 2024 12:59 AM
Sep 18, 2018 News
www.bbc.co.uk/news/world
Authorities in Brazil have seized more than $16M worth of cash and luxury watches from a delegation accompanying Teodorin Nguema Obiang, Vice-President of Equatorial Guinea; a local news outlet reported yesterday.
The Equatorial Guinea embassy in Brazil reportedly told police that Mr. Obiang was in the country for medical treatment. Brazil limits people from entering the country with more than US$2,400 in cash. The 48-year-old, known for his lavish taste, is the son of the oil-rich Central African country’s President. About 76% of Equatorial Guinea’s 1.2M population lives in poverty.
President Teodoro Obiang Nguema, who is Africa’s longest-serving leader, and his son, have been accused of misusing the country’s oil revenue. They both deny any wrongdoing. However, human rights groups have also accused the President of systematic repression of opponents.
WHAT WAS THE MONEY FOR?
According to the media reports, the 11-man entourage – travelling on a government plane – landed in Viracopos International Airport in Campinas in Sao Paulo, Brazil on Friday.
Sao Paulo Police found $1.5M in cash and watches worth an estimated $15M in two bags, the other 17 bags had clothes, says local news site Globo.
Global reports said that Equatorial Guinea’s embassy told the Brazilian police in a statement that the money was for Mr. Obiang’s use on an onward trip to Singapore, while the watches – engraved with his initials – were for his personal use.
Brazil’s foreign ministry told news agency AFP that it was “in permanent coordination with the federal police and the customs service over the case and to decide what measures should be taken”.
Mr. Obiang was the only member of the delegation who had diplomatic immunity as the group was not on an official mission, Globo reports.
Police searched other delegation members as Mr. Obiang waited outside in a car, it added.
Last year, the Economist reported on Mr. Obiang’s flashy lifestyle in an edition titled Instagram playboy is also the Vice-President of Equatorial Guinea. It featured pictures of the Vice-President showing off his expensive cars and mansions.
This is not the first time that Obiang has been the subject to investigations from international law enforcement authorities.
In 2017, a French court handed him a three-year suspended jail term for corruption.
The court ruled his assets in France be seized, including a mansion on Avenue Foch in Paris. He also got a suspended fine of 30M Euro (US$35M).
In the same year, prosecutors in Switzerland seized 11 luxury cars belonging to Mr. Obiang. They said he had plundered his country’s oil wealth to buy luxuries, including a private jet and Michael Jackson memorabilia.
In 2015, Mr Obiang reportedly paid a samba dance group some US$3.5M to adopt an Equatorial Guinea theme during Brazil’s annual carnival.
Where is the BETTER MANAGEMENT/RENEGOTIATION OF THE OIL CONTRACTS you promised Jagdeo?
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