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French Court Upholds Embezzlement Guilty Verdict Against Equatorial Guinea s Vice President French judicial authorities estimated that Teodoro Obiang Mangue laundered approximately $178M to build up assets. France s highest appeal court on Wednesday upheld the embezzlement guilty verdict against Equatorial Guinea s vice president, which paves the way for the potential return of millions of dollars to the country, according to French media. Teodoro Obiang Mangue, 52, also son of Equatorial Guinea s president, was handed a three-year suspended sentence and fined €30 million ($36 million) in absentia in 2020. His assets, which included a mansion in France s capital Paris, were confiscated. Obiang had argued that French courts had no right to rule on his assets, but the Court of Cassation dismissed the argument and rejected his appeal, according to Radio France Internationale (RFI).

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