The 42 avenue Foch, in Paris, has lost a little of its splendor in recent years. But the 106 rooms, the nightclub and the hammam of this immense mansion of the 16ᵉ arrondissement of the capital are the subject of a judicial argument which ends. The last episode of this showdown between Equatorial Guinea and France before the International Court of Justice (CIJ) was played on Tuesday July 15 in The Netherlands.
By entering this jurisdiction, the West African country hopes to recover this chic building estimated at 107 million euros, and prevent its potential sale by the French State.
The 42 avenue Foch was indeed seized in 2012, then confiscated in 2020, after the conviction on appeal to three years in prison sentence and 30 million euros fine of Teodoro Nguema Obiang Mangue, known as “Teodorin”, the eldest son of the Head of State-Teodoro Obiang Nguema Mbasogo-and vice-president of Guinea Equatorial, for confidence abuse Abuse of corporate property, laundering and embezzlement of public funds, in the procedure commonly called “poorly acquired property”.
You have 78.05% of this article to read. The rest is reserved for subscribers.