Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Law

French judiciary seize several properties from Sassou Nguesso clan

Saturday, 03 October 2015 10:22

(Ecofin Agency) - The French courts have seized several properties belonging to the clan of President Denis Sassou Nguesso in the affair known as ill-gotten gains, reports AFP, citing a source close to the case.

The judges in charge of the investigation ordered the seizure of three immovable properties in the Paris region: two at Courbevoie and the villa Suzette, a luxurious residence of nearly 500 square metres located in Vézinet. According to investigators the veritable owner of these three immovable properties is the nephew of the President, Wilfrid Nguesso, who is hiding behind front companies.

Launched in 2010 by French magistrates following a complaint coming from a NGO, the investigation on the ill-gotten gains concerns the conditions in which three African Heads of State (Denis Sassou Nguesso of Congo, Teodoro Obiang and the deceased Gabonese President Omar Bongo) acquired significant immovable and movable assets in France. The French courts had already seized some fifteen luxury vehicles in February at Neuilly-sur-Seine, near Paris, from members of Denis Sassou Nguesso's family.

Concerning Villa Suzette, substantial work totalling close to 3 to 4 million euros had been undertaken between 2002 and 2005. "Part of it was financed by companies whose beneficiary is Wilfrid Nguesso", underlined a judicial source.

Denis Sassou Nguesso, has ruled the Republic of Congo for more than 30 years. Last September, the Head of State who is 72 years old, announced that he would organise a referendum on a revision of the constitution with a view to running for a third term during the presidential election in 2016.

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.