On Sunday it came in the Chateau Bonmont Golf Club, Chéserex VD to a spectacle: 25 confiscated Super-were cars auctioned – including Ferraris, Maseratis and Rolls-Royces. And absolute rarities such as a Lamborghini Venero Roadster and a Koenigsegg One:1 – there are only a limited number of pieces.
they all belonged to the swank-dictators-son, Teodorin Obiang, but were seized in 2016. Since then, the cars of the Equatorial Guineans were in the possession of the Canton of Geneva. The luxury cars were auctioned for a total of about 24 million Swiss francs – a large part of it was bought by a mysterious man, whose bids were all the others in the shade.
For whom he did the business, did not want to betray the young man. He said later that the cars were intended for someone in Dubai. It is clear, however: The proceeds from the sale of the cars must be returned to Equatorial Guinea, but it must not fall back into the pockets of the Obiang clan. This is not so easy. Because: In Equatorial Guinea, the father of Teodorin Obiang prevails.
Equatorial Guinea is a country on the African continent, bordered to the North by Cameroon and to the South and East by Gabon. The state is a former Spanish colony, and in terms of area is approximately as large as Belgium. The country is particularly areas along the coast, rich in oil deposits. Accordingly, it has a high Per capita income. Nevertheless, The poverty rate in Equatorial Guinea is high. Because the oil revenue will primarily benefit only a small, politically influential Elite to the Obiang Clan belongs to. On top of Teodoro Obiang Nguema Mbasogo (77), which has ruled the country since 1979, a dictator is. 40 years ago, Obiang overthrew his own uncle, let him kill even more. His son Teodoro Obiang Nguema Mangue (55) is Vice-President of the country and is regarded as a potential successor for the presidential post. In addition to his political Position, the dictator’s son is also the owner of the only private radio station in Equatorial Guinea, Radio Asonga and the Director of the state TV channel TV Asonga. Due to money laundering allegations, he was arrested in 2016, and his cars confiscated. Now he is again on free foot.
Over two billion dollars embezzled
such As “Le Temps” writes, must determine the authorities of Geneva, first of all, the exact amount of the net proceeds from the sale of the 25 vehicles. Then a part will be paid from the proceeds of the Canton of Geneva – for the accommodation of the Super cars since 2016. The Rest of the money to the benefit of a social project in Equatorial Guinea.
That is not so easy, shows a case from the 90s. The former Nigerian dictator Sani Abacha had embezzled during his rule, more than 2.2 billion dollars from the state – a third of which he liked to keep a stash in Switzerland. Between 2005 and 2016, Switzerland had returned, therefore, almost 700 million dollars to Nigeria.
money never came to
After the first return of the money refunds, it was checked whether the millions arrived in the place where it should actually go – to the was but not so. It turned out that the money was used for projects that were already completed or not even existed.
to monitor Due to these shortcomings, the Swiss authorities decided that the use of the returned funds in the future in more detail. Whether this Monitoring is sufficient in the case of Obiang? The process of returning it to Equatorial Guinea is easier, in any case, no, because the government, unlike Nigeria, has not changed, and in the foreseeable future will not change.