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Law

Gabon: Omar Bongo had €68 million worth of assets in France

Wednesday, 06 September 2017 17:41

(Ecofin Agency) - The French justice has issued results of its major embezzlement investigation. It found in the process that Omar Bongo, former president of Gabon, during his 42 years of rule, gathered €68 million worth of real estate assets in France.

This include three private mansions in Paris and seven villas in Nice.

The investigation also exposed a network of “complacent” French professionals, associated with the former leader. This goes from the nominee to the notary, as well as interior design firms and banks obviously. Emphasis was put on lender BNP Paribas for the many "facilities" it granted the former President.

It should be noted that the investigation does not implicate in any manner neither Ali Bongo, son of Omar Bongo and current president of Gabon, nor Jean Ping, the former leader’s son-in-law and now political opponent.

 
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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.

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