Son of Equatorial Guinea’s president Teodoro Nguema Obiang Mangue has been able to reach a deal with a U.S court, as payback for his alleged massive corruption.
Acording to Times Colonist, Mangue, who is also the country’s vice-president, reportedly looted over $300 million from the country. He allegedly used $70 million out of the money to purchase exorbitant possessions, including a Gulfstream jet, Michael Jackson memorabilia, and a mansion – which has a nine-hole golf course.
His official government salary is said to be less than $100,000, however; he reportedly used his influence to loot millions of dollars from the country. As a result, three years ago, U.S. authorities filed civil-forfeiture cases against Mangue.
A court settlement was finally reached a few days ago. Below are the terms;
He must sell his $30 million Malibu mansion, Ferrari, and Michael Jackson memorabilia and give the proceeds to the citizens of Guinea
He must turn over $20 million from the sale of these assets to a charitable organization to be used to benefit the people of his country
Another $10.3 million will be forfeited to the U.S. government, which will use the money to benefit Equatorial Guinea’s people to the extent permitted by law
He will also pay $1 million to cover the value of Michael Jackson memorabilia already removed from the United States, including a “Thriller” jacket and crystal-covered glove
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