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Entries in Equatorial Guinea (13)

Wednesday
Nov122014

SBM Offshore pays $240 million to resolve Dutch bribe allegations, receives DOJ declination 

SBM Offshore CEO Bruno Chabas (Image courtesy of SBM)SBM Offshore agreed to pay $240 million to Dutch authorities Wednesday to settle allegations that it bribed government officials in Angola, Brazil, and Equatorial Guinea.

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Wednesday
Oct152014

A DOJ initiative that helps corruption's victims

We reported on Monday that the DOJ had announced a $30 million settlement with a vice president of Equatorial Guinea under its Kleptocracy Initiative. I hope the world noticed the noble and sensible purposes to which DOJ is putting these funds.

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Monday
Oct132014

‘Shameless’ kleptocrat Teddy Obiang forfeits $30 million in DOJ settlement

The Department of Justice said Friday it reached a settlement of its civil forfeiture cases against assets in the United States owned by the Second Vice President of the Republic of Equatorial Guinea Teodoro (Teddy) Nguema Obiang Mangue that he purchased with the proceeds of corruption.  

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Thursday
Aug072014

SBM Offshore reserves $240 million for potential ‘sales practices’ settlement

Netherlands-based SBM Offshore included a $240 million provision in its financial statement for the first half of the year in anticipation of a potential settlement for improper sales practices.

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Friday
Aug012014

Former Putin media chief tied to $28 million California real estate

Mikhail Lesin, left, with Russia Prsident Vladimir PutinThe Russian media boss who served as the Kremlin press secretary and helped set up the state-funded RT network has bought at least three houses in the Los Angeles area worth over $28 million, a U.S. senator said this week.

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Thursday
Jul242014

Report: DOJ to settle $70 million forfeiture action with Teddy Obiang 

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.

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Friday
Jul182014

Miners beware: Risk of anti-corruption enforcement never bigger

Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.

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Wednesday
Apr022014

Theft of state assets: Will the G20 act?

As the G20 Anti-Corruption Working Group meets in 2014 under the chairmanship of Australia, it is important that the countries make progress on their commitments detailed in the 2013-2014 G20 Anti-Corruption Action Plan. 

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Wednesday
Dec122012

Hunt is on for Africa's looted wealth

The world keeps shrinking for Africa's kleptocrats.

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Monday
Aug062012

France Seizes Obiang Mansion

The BBC reported Friday that French authorities 'have seized the Paris mansion of the son of Equatorial Guinea's leader as part of a money-laundering probe.'

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