Financial Transparency Coalition

The U.S. Department of Justice filed a 118-page lawsuit this week regarding the alleged corrupt practices of Teodoro Nguema Obiang, son of the President of Equatorial Guinea.  The lawsuit, among other things, requested that a U.S. judge confiscate many of Obiang’s lavish possessions because they were obtained using the proceeds of alleged corruption.  The DOJ’s

The G8 have just released an ambitious and comprehensive asset recovery action plan as part of the Deauville Partnership with Arab Countries in Transition. It is timely and necessary to reinforce the momentum behind stolen asset recovery processes. The first step by G8 countries was to freeze the accounts of the authoritarian leaders Mubarak, Ben Aliand Gaddafi after their fall from power last year, based on the allegation that the assets held had been illicitly acquired from state coffers. However, there has been too little progress made in returning those assets.

What do you do when your eldest son, already well-known for his reckless spending and extravagant lifestyle, becomes the focus of a corruption investigation in France? Well, if you’re the world’s longest-ruling leader, President Teodoro Obiang Nguema of Equatorial Guinea, you brazenly attempt to thwart justice and the rule of law by appointing him to a position at UNESCO, a position that comes with a convenient perk: diplomatic immunity.

CNBC aired it's new documentary, "Filthy Rich", for the first time last night. The documentary was the product of a year long investigation, and featured Task Force Coordinating Committee members Global Witness and Transparency International, as well as Allied Organization Equatorial Guinea Justice.