JOHANNESBURG (AP) – A US deal forcing the son of Equatorial Guinea’s leader to turn over $31.3 million in ill-gotten gains misses an opportunity to expose the workings of corruption in that oil-rich nation, human rights activists said.
The Open Society Justice Initiative said putting Teodorin Nguema Obiang Mangue on trial would have brought “revelations that … could have been of inestimable value to expose the nature of the corruption system in Equatorial Guinea as well as the role of lawyers, bankers and other professionals who grease the wheels of abuse.”
Obiang is also the country’s vice president.
Still the New York-based organisation welcomed the first US legal action of its kind to target the family of a sitting head of state, according to a statement late Friday by Ken Hurwitz, head of the organisation’s anti-corruption work.
In the first case under the Department of Justice’s Kleptocracy Asset Recovery Initiative, Obiang must sell a Malibu mansion, a Ferrari and Michael Jackson memorabilia to raise $20 million to go to a charity working for the people of his country and $10.3 million to the United States also to be used to benefit the people of the West African coastal nation.
He also must pay $1 million to cover the value of Michael Jackson memorabilia already removed from the United States, including a “Thriller” jacket and crystal-covered glove, Assistant Attorney General Leslie Caldwell said Friday.
The United States had in 2011 filed claims against Obiang’s US-based assets worth more than $70 million, alleging they were the proceeds of corruption. It said Obiang’s annual salary at the time was less than $100,000.
Hurwitz said the case significantly “breaks with the more common pattern of waiting until a corrupt family’s rule has ended before tracking down their assets: in contrast, Teodorin’s family is still very much in control in oil-rich Equatorial Guinea, most of whose oil and gas is pumped by US companies.”
Despite wealth that has raised Equatorial Guinea’s per capita income above that of former coloniser Spain, most of the 750,000 people live in poverty.
US authorities say Obiang’s other officials have amassed vast wealth through extortion, embezzlement and other corruption.
Obiang said in a statement that he was pleased to end the proceedings, even though his property “was acquired with funds earned in accordance with the laws of my country.”