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£5million In Supercars Seized From Paris Home Of President Of Equatorial Guinea. - Foreign Affairs - Nairaland

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£5million In Supercars Seized From Paris Home Of President Of Equatorial Guinea. by aloyemeka1: 10:59pm On Oct 04, 2011
Tuesday, October 4, 2011
[size=14pt]£5million in supercars seized from Paris home of president of Equatorial Guinea.[/size]

[img]http://2.bp..com/-tn8XSg1f-Ao/TotqK4ldPYI/AAAAAAAAIA0/LHG6JI8YySY/s1600/article-2043836-0E2830D600000578-738_634x354-600x335.jpg[/img]

He is one of numerous African heads of state who regularly receive vast handouts in foreign aid – including British cash via European funding.

‘There is an on-going judicial investigation into money laundering and other crimes related to the receipt of foreign aid,’ the source added. ‘These seizures have resulted from this enquiry.’
The cars, which all appeared to be new, also included an Aston Martin V8 600lm, Rolls-Royce Drophead Coupe, a Porsche Carrera GT, and a Ferrari Enzo, as well as various Bentleys.


[img]http://2.bp..com/-PdRQQusVOvY/TotpUAeMpsI/AAAAAAAAIAs/xzleMZJcCQo/s320/article-2043836-01E0F20900000578-173_306x423.jpg[/img]


Obiang Nguema, who is the current chairman of the African Union, was not thought to be present at the time of the seizures, though a member of his staff told police that the cars were ‘mainly used by his son, Teodorin Obiang'.


[img]http://1.bp..com/-IAwFzfw3asI/ToturL_8AlI/AAAAAAAAIBQ/0CNJrWcBLdE/s400/article-2043836-0E28316E00000578-610_634x354.jpg[/img]

[img]http://1.bp..com/-_0ELCYiD9pk/TotuIEkvOLI/AAAAAAAAIBE/XNQbSJgIaQQ/s400/article-2043836-0E28318E00000578-954_634x354.jpg[/img]


The Supreme Court of France has appointed an investigating judge to conduct a judicial inquiry into claims that Obiang Nguema has used state funds to purchase property include the Avenue Foch house.
Equatorial Guinea is oil rich, but poverty remains rife and there are regular allegations of high-level corruption, especially by Obiang Nguema and his eldest son, Teodorin.
All of the cars have been impounded and – if the Obiang Nguemas are unable to get them back – they are likely to be auctioned.

Culled from Daily Mail UK

http://lindaikeji..com/2011/10/5million-in-supercars-seized-from-paris.html
Re: £5million In Supercars Seized From Paris Home Of President Of Equatorial Guinea. by BlackLibya: 12:46am On Oct 11, 2011
The french are holding his neck to the fire. Do as we say or else! First ur cars, next you.

Thus africa is controlled, the puppet was getting out of line. You Africans! You invest in french banks, buy french real estate, french cars, how do they reward you? Sure you are rich, but your people suffer, the land of your mother and father is raped.

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