The UK authorities has sanctioned the son of Equatorial Guinea’s president for misappropriating tens of millions and spending it on luxurious mansions, personal jets and a $275,000 (£199,600) crystal-encrusted glove worn by Michael Jackson.
Teodoro Obiang Mangue, the son and vp of Teodoro Obiang Nguema Mbasogo, participated in “corrupt contracting preparations and solicit[ed] bribes, to fund a lavish way of life inconsistent along with his official wage as a authorities minister”, the Overseas Workplace mentioned.
Obiang purchased a $100m (£72m) mansion in Paris, a $38m (£28m) personal jet, dozens of luxurious autos – amongst them Ferraris, Bentleys and Astons Martins – in addition to a “assortment” of Jackson memorabilia, together with a crystal-studded glove worn by the late singer throughout his Nineteen Eighties Unhealthy tour.
In 2013, the US authorities grew to become embroiled in a authorized battle to stop the glitzy handwear from falling into Obiang’s palms, claiming it was purchased with “soiled cash”.
The UK will impose asset freezes and journey bans towards the 5 people to make sure they’re not capable of channel their cash by UK banks or enter the nation.
Mr Raab mentioned: “The motion we’ve taken immediately targets people who’ve lined their very own pockets on the expense of their residents.
“The UK is dedicated to combating the blight of corruption and holding these chargeable for its corrosive impact to account.
“Corruption drains the wealth of poorer nations, retains their individuals trapped in poverty and poisons the nicely of democracy.”
The UK 🇬🇧 has immediately sanctioned 5 extra corrupt people below our International Anti-Corruption sanctions regime.
We are going to do all we will to struggle the blight of corruption and pursue those who line their pockets on the expense of creating nations. https://t.co/hn8YQwjfFr
— Dominic Raab (@DominicRaab) July 22, 2021
In accordance with UNICEF, a 3rd of Equatorial Guinea’s inhabitants doesn’t have entry to fundamental sanitation, and the World Financial institution estimates greater than 76% of the inhabitants stay in poverty. In the meantime, investigations present that Obiang has spent over $500m since he was appointed authorities minister in 1998.
His father has dominated Equatorial Guinea since taking energy in a coup in 1979, 11 years after independence from Spain.
Kudakwashe Regimond Tagwirei from Zimbabwe, Alex Nain Saab Moran and Alvaro Enrique Pulido Vargas from Venezuela, and Nawfal Hammadi Al-Sultan from Iraq may even face the identical restrictions.
The measures comply with the primary tranche of UK sanctions which, in April, focused 22 people concerned in critical corruption circumstances in Russia, South Africa, South Sudan and Latin America.