News24

Equatorial Guinea threatens French firms

2012-03-29 16:10

Malabo - Equatorial Guinea on Thursday warned that French firms would face the consequences if Paris did not scrap an arrest warrant for the son of President Teodoro Obiang Nguema.

French magistrates probing alleged graft by African leaders had sought the warrant for Teodorin Nguema Obiang Mangue, following searches at his upmarket Paris residence.

A government statement asked Paris to "take immediate steps to halt these destabilising measures", and warned that otherwise "French firms will feel the negative effects from this situation."

The judges have since 2010 been probing the source of money spent in France by Obiang Nguema, Congo-Brazzaville's President Denis Sassou Nguesso, and Omar Bongo, the late president of Gabon, in a case dubbed "ill-gotten gains" by the French media.

The charges were brought by Transparency International (TI), an anti-corruption campaign group which alleges the leaders and their relatives spent state funds from their countries on lavish purchases in France.

The ruling Democratic Party of Equatorial Guinea (PDGE) on Wednesday said the country's first son - also the party's vice president - could not be judged by a French court.

"French courts are not able to judge a vice president of the PDGE and minister of state for agriculture, nor can they arrest him on grounds invented by a French non-governmental organisation," party official Lucas Nguema Esono Mbang told national radio.

"We don't need to look for problems where none exists. Equatorial Guinea is a country where peace reigns and many of its enemies don't like it," he added. TI alleges Obiang owned more than four million euros worth of vehicles in France, while altogether the three leaders had accumulated French assets worth $210m.

Obiang's son is agriculture minister and deputy head of mission to UN cultural agency Unesco, which is based in Paris. As part of that role he has diplomatic immunity.

Comments
  • Ron - 2012-03-29 16:32

    A crime is a crime, no matter who commits it

  • Africa21stcentury - 2012-03-29 17:23

    The total GREED of some of these laeders is mindbogging.......!! One could somehome 'understand" in certain countries, if a leader, put aside one or two million, for a ,rainy day, But, like with most stealing, its never enough ! In Rand terms, many leaders help themselves to BILLIONS !!!!!!! It is totally insane !!!

  • Mark - 2012-03-29 21:42

    The Tyrant defends the parasite.

  • Loo - 2012-03-30 10:44

    bwahahaha ... What are they going to threaten France with :: If you don't do as I say France, I am going to refuse accepting humanitarian aid your'e giving to my starving citizens ????? ::

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