Oct 28, 2011

Equatorial Guinea: Assets of the president's son

BBC reports:

The US government is seeking to recover assets worth more $70m from the son of the president of Equatorial Guinea (see this blog post for a background on the country). His US assets include a Gulfstream jet, yachts, cars, a Malibu mansion and nearly $2m in Michael Jackson memorabilia including pairs of crystal-covered socks. Last month, France seized 11 of his luxury cars.

President Obiang's family steals pretty much all of the country's oil revenues and has received huge bribes from US oil companies such as Exxon Mobil and Amerada Hess...

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