Monday, January 23, 2017

FRENCH MONEY LAUNDERING TRIAL SUSPENDED, POSTPONED FOR SIX MONTHS

                                   

The French money laundering trial of Teodorin Obiang Nguema, the Vice President of Equatorial Guinea, and the son of the country's sitting president, was suspended after two days, and has been postponed until June 19, 2017. Obiang, who is being tried in Absentia, was given only three weeks' notice of his trial date, and his French attorneys argued that it was insufficient time for trial preparation.

The defendant, who was charged with laundering embezzled public funds, owns substantial assets in France, all of which have reportedly been seized by French authorities. He faces a maximum sentence of ten years' imprisonment, and a fine. 

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