Equatorial Guinea VP loses appeal against French embezzlement verdict


  • World
  • Wednesday, 28 Jul 2021

FILE PHOTO: Equatorial Guinea's Second Vice-President Teodoro Nguema Obiang Mangue addresses attendees during the 70th session of the United Nations General Assembly at the U.N. Headquarters in New York, September 30, 2015. REUTERS/Eduardo Munoz/File Photo

PARIS (Reuters) - France's highest appeal court on Wednesday upheld a guilty verdict against the son of Equatorial Guinea's president for embezzlement, paving the way for the potential return of tens of millions of dollars to the country's people.

Teodoro Obiang Mangue, who is also the vice president of the Gulf of Guinea nation, was handed a three-year suspended sentence and a 30 million euro ($33 million) fine at the end of his trial in absentia in 2020. Luxury assets seized in France during the investigation were ordered to be confiscated.

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