Democracy Chronicles

Equatorial Guinea Vice President Detained in Brazil With $50 Million

by -

LinkedInPin

Equatorial Guinea Vice President

In the latest scandal and disgrace on the people of Africa despite them, The playboy of Equatorial Guinea Teodoro Nguema Obiang Mangue, unfortunately the Vice President of the country, was detained in Brazil by the federal police and revenue authorities. The details are not pretty.

Obiang Mangue and his 11-man delegation arrived the country on unofficial business with over $1.4 million in cash and watches worth $15 million. Two suitcases were loaded with money and watches. A news source also reported that an additional $50 million was hidden in the private jet Obiang Mangue traveled with to Brazil. Two suitcases were loaded with money and watches. The delegation had 19 suitcases with a diplomatic baggage whose content was not disclosed.

Authorities Seize More Than $50 Million, Detain Equatorial Guinea Vice President
Teodoro Nguema Obiang Mangue playboy a.k.a Vice President of Equatorial Guinea

The Vice President has already made a name for himself abroad. He was even convicted in absentia by a French court. In October 2017, a Paris court handed a three-year jail term to Obiang Mangue in a corruption case known as the ‘ill-gotten assets’ saga. The 49 years old was charged with corruption, embezzlement, and misuse of public funds. There have also been cases involving the Vice President in America and Switzerland with assets seized in each case valued at close to or over $100 million.

According to the secretary of Equatorial Guinea’s embassy in Brazil, the vice president came for medical treatment and the money was to be used in a mission to Singapore. The watches were for his personal use. But clearly, contrary to what the embassy official claimed, Obiang Mangue’s watch collection is not just indicative of an opulent lifestyle but is also riddled with the hallmarks of money laundering.

Mr. Obiang Mangue is the son of the of the current President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo.  He has ruled the country since 1979 and is the world’s longest-serving president. Together with regime cronies, the Obiang Nguema monarchy has enriched itself with Equatorial Guinea’s oil wealth at the expense of the people of Equatorial Guinea.

 

About DC Editors

We are your source for news on the all important effort to establish and strengthen democracy across the globe. Our international team with dozens of independent authors are your gateway into the raging struggle for free and fair elections on every continent with a focus on election reform in the United States. See our Facebook Page and also follow us on Twitter @demchron.

Some highlighted Democracy Chronicles topics

Africa American Corruption American Local Elections American State Elections Asia Capitalism and Big Business Celebrity Politics China Democracy Charity Democracy Protests Democrats Dictatorships Education Election History Election Methods Election Security Election Transparency Europe Internet and Democracy Journalism and Free Speech Middle East Minority Voting Rights Money Politics New York City and State Elections Political Artwork Political Dissidents Political Lobbying Redistricting Republicans Russia Socialism and Labor Social Media and Democracy South America Spying and Privacy Supreme Court Third Party Voter Access Voter ID Voter Registration Voter Suppression Voter Turnout Voting Technology Women Voting Rights Worldwide Worldwide Corruption

Reader Interactions

Leave a Reply

Your email address will not be published.

Home | International Democracy Originals | Equatorial Guinea Vice President Detained in Brazil With $50 Million