THREE AFRICAN LEADERS TO SUE TRANSPARENCY INTERNATIONAL OVER CORRUPTION CASE

BATA (Equatorial Guinea), The leaders of oil-rich Equatorial Guinea, Gabon and Congo will sue Transparency International over a case in France involving allegedly ill-gotten properties worth hundreds of millions, President Teodoro Obiang of Equatorial Guinea has said.

French human rights lawyer William Bourdon instigated the investigation in 2007 by making a formal complaint on behalf of the pressure group Transparency International France (TIF).

Obiang's son, Vice President Teodorin Obiang, is currently on trial in absentia in France for embezzlement. French prosecutors are seeking a three-year jail term and a 30-million-euro fine.

Prosecutors also asked a court in the capital to seize the six-storey mansion on Avenue Foch, Paris's poshest street, which is valued at 107 million euros, and other assets worth 43 million euros.

In 2012, French authorities swooped on the Avenue Foch mansion, seizing it along with a fleet of luxury cars including two Bugatti Veyrons and a Rolls-Royce Phantom.

Also being investigated are Gabon's President Ali Bongo, whose father Omar ruled the country for 42 years, and Denis Sassou Nguesso of Congo who both own eye-wateringly expensive real estate in France.

Source: NAM NEWS NETWORK