Obiang SA assets to be auctioned

Assets in the upmarket Cape Town suburb of Bishopscourt, belonging to the Vice-President of Equatorial Guinea, who is at the centre of a court case in Paris for allegedly embezzling and splurging public funds, are to be auctioned off. This is because Teodorin Nguema Obiang, son of Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo, has lost an aspect of a legal wrangle involving Daniel Janse van Rensburg, a South African who was jailed in the notorious Black Beach prison in Equatorial Guinea for about two years. He was released in September 2015 after being imprisoned when an aviation contract with former Malabo mayor Gabriel Mba Bela Angabi went awry. Janse van Rensburg, of George, had launched a R75m claim against Obiang for wrongful detention. A warrant of execution of moveable property, reportedly seen by News24 and stamped with the date 1 September, shows that the Western Cape High Court had directed the deputy sheriff of Cape Town to attach assets. The matter involves a debt of R178 442.62. Obiang, based on the warrant, is being held responsible for it.

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