Monday, February 28, 2011

African dictator's son orders £236 million luxury super yacht...

The son of Equatorial Guinea's dictator of 30 years commissioned plans to build a super yacht costing $380 million (£236 million), nearly three times what the country spends on health and education each year, a corruption watchdog said on Monday.

The statement from Global Witness said that German company Kusch Yachts has been asked to build the yacht, housing a cinema, restaurant, bar and swimming pool, though construction has not yet started.

Global Witness has been urging Washington to institute sanctions against Teodorin Obiang, whose extravagant lifestyle currently includes a $35 million-dollar mansion in Malibu, California, a $33 million jet and a fleet of luxury cars, while earning a salary of $6,799 a month as agriculture minister. More...

Don't miss:
  1. Who cares about Equatorial Guinea? Or its president Teodoro Obiang? 
  2. Russian president Dmitry Medvedev spends £26m on luxury yacht...
  3. Gaddafi's sons and their lavish spending...
  4. When power corrupts the sons of those in power...
  5. Vladimir Putin and Dmitry Medvedev share between them at least two dozen palaces...
  6. Zimbabwe lives in misery but Mugabe gets £330,000 birthday bash: 8000 lobsters, 4000 portions of caviar... 

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