Teodorin Obiang, son of Equatorial Guinea's president, found France an agreeable place to park the proceeds of what French prosecutors politely described as raiding state coffers. In 2017, a Paris court convicted him of corruption, finding that his lifestyle — which included two Bugatti Veyrons at roughly €1 million each, a fleet of luxury cars requiring police trucks to tow away, and assorted Paris properties — could not conceivably have been funded through legitimate means. The irony, delivered with the subtlety of a €5 million car collection, was that Equatorial Guinea was on paper Africa's wealthiest country per capita at the time, while more than half its population scraped by on less than €1.65 a day. Obiang insisted the money was legitimate. The court disagreed. The case was part of France's 'biens mal acquis' — ill-gotten gains — investigations into African leaders parking stolen wealth in French real estate and luxury goods. Obiang received a three-year suspended sentence and was ordered to forfeit assets. Justice, lightly seasoned.
DOSSIER🇫🇷 France2017
Teodorin Obiang
Dictator's Son Convicted in Paris: Buying Bugattis With Equatorial Guinea's Poverty
Sources: The GuardianView source →
Filed to archive: 5 July 2026
Event year: 2017