Bribery And Corruption

Stephen Platt

Chapter 5 in Criminal Capital, 2015, pp 84-103 from Palgrave Macmillan

Abstract: Abstract One white, crystal-covered ‘Bad Tour’ glove; a fedora worn by Michael Jackson onstage; a Ferrari 599 GTO; two Cape Town properties; three Piaget baguette diamond-studded watches; an André Charles Boulle antique cabinet; works by Degas, Renoir, Gauguin, Matisse and Bonnard; 1,403 bottles of high-end wine; 109 items acquired at the auction of the Yves Saint Laurent estate; a 12-acre Malibu estate; a six-storey luxury property in Paris; and a Gulfstream G-V private jet. These are among the assets listed in official documents as belonging to Teodoro Nguema Obiang Mangue, the 40-something international jet setting son of Equatorial Guinea’s longstanding president, Teodoro Nguema Obiang Mbasogo, who wrestled power from a family member in a coup d’état in 1979.1 Teodoro Nguema Obiang Mangue’s penchant for the high life coincides with a career as Equatorial Guinea’s minister of forestry and agriculture for 14 years, and his subsequent appointment to the post of second vice president May 2012.

Keywords: Money Laundering; Financial Service Authority; Resource Curse; Defence Minister; Financial Action Task Force (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1057/9781137337306_5

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