The DOJ said last week it will settle a corruption-related civil forfeiture action involving more than $70 million in U.S. assets amassed by the son of Equatorial Guinea’s dictator.
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
In April, the U.S. DOJ charged six foreign nationals, including a Ukrainian businessman and a government official in India, with an alleged racketeering conspiracy to bribe officials in India to gain titanium mining rights.… Continue Reading
The world keeps shrinking for Africa’s kleptocrats.
Senegal’s new government has launched an unusual joint investigation with France into several key figures from the former government.
It reportedly filed a complaint with a Paris court to investigate the origins of assets held in France by an undisclosed list of high-profile figures associated with the former Senegalese government.… Continue Reading
France issued an arrest warrant late last month for the son of the president of Equatorial Guinea.
Teodoro Nguema Obiang Mangue, left, known as Teodorin or Teddy, is accused of laundering money from Equatorial Guinea for purchases in France of multi million dollar properties and a fleet of luxury cars.… Continue Reading