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'Lavish Lifestyle' Lands Equatorial Guinea Leader's Son on U.K. Sanctions List


He has been associated with corruption on a grand scale for decades
Teodoro Nguema Obiang Mangue, the Equatorial Guinean vice president and son of the country’s leader, addresses the United Nations General Assembly in 2015. (Source: U.N.)
By Samuel Rubenfeld and Audrey Everist
Friday, July 30, 2021
The son of Equatorial Guinea’s president was sanctioned by the U.K. government and lost an appeal against a conviction in France for embezzlement, recent setbacks for a man who has stood for decades as a poster child for grand corruption.
Teodoro Nguema Obiang Mangue, who is also known as “Teodorin” and serves as the central African country’s vice president, was sanctioned for misappropriation of state assets into his own bank account, as well as solicitation of bribes and corrupt government contracting, to “fund a lavish lifestyle” inconsistent with his official salary, the U.K. said. Obiang spent more than USD 500 million since his appointment to a g ....

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