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Ill-gotten gains : the court will say on Wednesday s'it postpones the trial of Teodorin Obiang

When Teodorin Obiang will he be judged ? The correctional court of Paris will say Wednesday whether he defers or not the trial of the son of the president of equatorial Guinea, accused of fraudulently built in France a considerable wealth. In the first trial of the ” ill-gotten gains “, the court hearing this Monday was devoted primarily at the request of lawyers for Teodorin Obiang who want time to prepare its defence.

Demand on the wooden parquet floor national financial as the lawyer of the association Transparency International, William Bourdon, who had filed a complaint in 2007, were vigorously opposed to it, denouncing the maneuvers ” a delaying tactic “. The president of the tribunal has, for its part, insisted on the impact of a decision made last December 7 by the international Court of justice. If it has not suspended the proceedings against Teodorin Obiang, as requested by the equatorial Guinea, she was urged to ensure the inviolability of the luxury building of the son of the vice-president of equatorial guinea, presented as diplomatic premises.

This decision would prohibit the enforcement of an eventual confiscation measure, which may be incurred by the defendant. Former minister of Agriculture and Forests, promoted at the end of June by her father, Teodoro Obiang Nguema, vice-president of the small oil country in central Africa, Teodorin Obiang is prosecuted before the correctional court of Paris for money laundering misuse of corporate assets, embezzlement of public funds, abuse of confidence and corruption. The investigation, opened after complaints of associations, Sherpa and Transparency International, highlighted the considerable wealth of Teodorin Obiang, 47 years : in addition to the famous building of the avenue Foch, located in one of the most desirable neighborhoods of Paris, and estimated at € 107 million, included luxury cars and of sport (Porsche, Ferrari, Bentley, Bugatti). His expenses in France were very remote from the daily lives of its gulf of Guinea countries, of which more than half of the residents live below the poverty line.

Valves covered with gold leaf

When he is in Paris, Teodorin Obiang, the eternal bachelor look learnedly studied (black glasses, big slick hair, beard cut), expense cases, entire liquid in the boutiques of the avenue Montaigne. In his apartment in the avenue Foch, the faucets are covered in gold leaf, the master of the house has a hammam, a gym, a nightclub, a hairdressing salon, a cinema room. At the end of the statement, the judges were of the opinion that he had built up his heritage in France, investing the proceeds of ” misappropriation of public funds “, of corruption. The son of the president of equatorial guinea ” has always said that he earned lawfully his money in his country “, assures Me Marsigny. Between 2004 and 2011, almost € 110 million from the public Treasury of equatorial Guinea came to credit the personal account of Teodorin Obiang, according to the judges of instruction.

The investigators believe that he had imposed a “tax revolution” on the wood, the payment of which, in the name of the Somagui Forestal, he should be directly delivered. This company is responsible for the exploitation of the precious wood, which represents the oil one of the main wealth of the country. Controlled by Teodorin Obiang, it also ensured that many of its expenses. The accused has multiplied the avenues of appeal. Put in review in 2014, he has tried in vain to cancel the proceedings against him, invoking his status at the time of second vice president of equatorial Guinea, which gave to his eyes an immunity. But the Court of cassation had considered that the facts complained of had been committed ” for personal reasons “, under its privacy and thus detachable of state functions protected by customary international law. The case of “ill gotten gains” exceeds the case Obiang. The French judicial inquiry also on the built heritage assets in France by the families of several other african leaders, that of Denis Sassou Nguesso (Congo), of the deceased Omar Bongo (Gabon), or even the president of the central african republic’s deposed François Bozizé.

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