Dictator’s Son Faces Asset Seizures in U.S.

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Sunday, January 1, 2012
Author: 
Andrew Baskin
Volume: 
28
Issue: 
1
Abstract: 

The Justice Department recently filed several civil forfeiture complaints in an attempt to seize valuable assets in the United States belonging to Teodoro Nguema Obiang Mangue, a minister of Equatorial Guinea (E.G).  Nguema, who is also the son of the president of Equatorial Guinea, has been accused of buying the assets with funds illegally obtained through his government position in E.G. and laundered through the United States.  The Justice Department is seeking to recover over $70 million from Nguema, mainly from valuable assets including a private jet and real estate.1



                1               Joe Palazzolo, US Seeks Mansion, Michael Jackson Gear Belonging To Equatorial Guinea Minister, Wall Street Journal, October 25, 2011.