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Equatorial Guinea’s $104m Impressionist Art Trove Under Investigation

April 13, 2014 by Marion Maneker

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French investigative site Mediapart reports on potential looting by an African leader:

Teodoro Nguema Obiang Mangue, son of the long-serving president of Equatorial Guinea and vice-president in his own right, is under formal investigation by French judges for money laundering. At the heart of the affair are claims that Obiang, who is also defence minister and interior minister, has plundered his country’s natural wealth to amass a fabulous collection of late nineteenth art worth 104 million dollars that lined the walls of his luxurious home in Paris. Meanwhile 60% of Equatorial Guinea’s population have to survive on less than a dollar a day.

The Art of Corruption (Mediapart)

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Filed Under: General

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