Search

You may also like

36 Views
Nollywood actor, JohnPaul Nwadike becomes a US citizen (Photos)
International News - Local news - News -

Nollywood actor, JohnPaul Nwadike becomes a US citizen (Photos)

Nollywood actor, John paul Nwadike who is currently based in the US with his family has now become a US citizen. Taking to Instagram to celebrate, the father of two wrote: ‘It is finished nwanne!!!! What next??? Long life and good health I ask for […]

36 Views
Keppel delivers another jack-up rig to Mexican operator
Energy - Technology -

Keppel delivers another jack-up rig to Mexican operator

Offshore rig builder Keppel Offshore & Marine (Keppel O&M) has delivered the KFELS B Class jack-up rig, Cantarell III, to Grupo R. Source link Related posts: Report: Petronas targeting 1Q 2020 for 2nd FLNG unit start-up Tower Resources sets Cameroon well spud date as it […]

36 Views
Duncan Mighty Was Arrested For Fraud – Police
Celebrities - Entertainment - Music -

Duncan Mighty Was Arrested For Fraud – Police

The police force have restored calm to the minds of fans over reports that Duncan Mighty was abducted by unknown gunmen. The Imo State police command shed more light on the circumstances surrounding the early morning arrest of Singer Duncan Mighty. According to the State’s […]

www.gistpad.com.ng

Switzerland to auction 25 luxury cars seized from Teodoro Mangue, son of Equatorial Guinea’s president in money-laundering probe

Switzerland to auction 25 luxury cars seized from Teodoro Mangue, son of Equatorial Guinea’s president in money-laundering probe



Switzerland to auction25 luxury cars seized fromTeodoro Mangue,son of Equatorial Guineas president in money-laundering probeAn auction house in Switzerland is set to sell 25 luxury cars including Ferraris, Rolls-Royces and Lamborghinis that Geneva authorities seized from Teodoro Nguema Obiang Mangue, son of Equatorial Guinea’s president in a money-laundering probe.   Swiss authorities say the sale by auctioneer Bonhams is expected to fetch some 18.5 million Swiss francs (dollars), with the proceeds going to a charity to benefit the people of oil-rich Equatorial Guinea.   The auction comes after the Geneva prosecutor’s office announced in February it had closed a case against the son of President Teodoro Obiang, and two others following a probe of money laundering and mismanagement of public assets.   Swiss authorities seized the cars and ordered the sequestration of a yacht in 2016.  The yacht was released in the arrangement announced in February, under which Equatorial Guinea agreed to pay Geneva authorities 1.3 million Swiss francs “notably to cover procedural costs,” the prosecutor’s office said. The standout lot in the auction is a white-and-cream Lamborghini Veneno roadster, one of only nine such versions produced, that has been driven only 325 kilometres (201 miles), Bonhams says.  It is expected to fetch at least 5.2 million francs.   A Ferrari “LaFerrari” – featuring Formula 1 and GT inspiration – is set to fetch at least 2.6 million francs. The Equatorial Guinea president’s son, who is also a vice president, has been ensnared in legal trouble elsewhere.   Last year, Brazilian officials said $16 million in undeclared cash and luxury watches that were seized from a delegation he led may have been part of an effort to launder money embezzled from the country’s government. And a Paris court in 2017 convicted him of embezzling millions of dollars in public money, although the case has been appealed.   The Geneva prosecutor’s office in February cited rules allowing prosecutors to close cases in which the person under investigation had “repaired the damage or done everything that could have been expected of him or her to make up for the wrong that was caused.” The investigation involved authorities in the United States, the Cayman Islands, France, Monaco, Denmark, the Netherlands and the Marshall Islands.The post Switzerland to auction25 luxury cars seized fromTeodoro Mangue,son of Equatorial Guineas president in money-laundering probe appeared first on Linda Ikeji Blog.



Source link

Related topics Animals, Dogs, People
Previous post Next post

Your reaction to this post?

Leave a Reply

avatar
500
  Subscribe  
Notify of

You may also like

0 Views Views
Google finishes US rollout of RCS, its replacement for SMS
People

Google finishes US rollout of RCS, its replacement for SMS

Android texting has been disastrously disjointed for years, forcing users to switch to WhatsApp, Facebook, and heaven-forbid, the iPhone. RCS is a universal standard with the specific goal of fixing that by using an internet connection to add the features we’re used to in messaging […]

0 Views Views
LIB Exclusive: Duncan Mighty wasn’t kidnapped, he was arrested for an alleged N11million fraud – Police (Video)
People

LIB Exclusive: Duncan Mighty wasn’t kidnapped, he was arrested for an alleged N11million fraud – Police (Video)

Contrary to reports that Nigerian musician, Duncan Mighty was beaten and whisked away to an unknown location by gunmen, fresh updates have emerged. According to LIB findings, Duncan Mighty was arrested by men of the Imo State Police command on allegation of 'fraud'. In an official statement issued […]

0 Views Views
Nollywood actor, JohnPaul Nwadike becomes a US citizen (Photos)
People

Nollywood actor, JohnPaul Nwadike becomes a US citizen (Photos)

Nollywood actor, John paul Nwadike who is currently based in the US with his family has now become a US citizen. Taking to Instagram to celebrate, the father of two wrote: ‘It is finished nwanne!!!! What next??? Long life and good health I ask for […]