African leader linked to property spree in SA

[dArKeR]

By Joe Sinclair

The Democratic Alliance has called for a probe into allegedly suspicious property deals by the family of the Equatorial Guinea president.

President Teodoro Obiang Nguema's family are alleged to have purchased properties in Cape Town for about R50-million.

This comes at a time when a United States federal grand jury is investigating a corporate bank account, allegedly under Nguema's control, into which oil companies are said to have poured millions.

(US oil companies have invested heavily in the tiny West African state)

Critics of the president accuse him of profiteering from the country's oil reserves while ignoring human rights issues.

Domestic workers at a spectacular Bishops Court house said they had heard that the son of Equatorial Guinea's president was scheduled to move in. The house is reported to have been sold for R26-million.

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