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Swiss Prosecutors Squander Opportunity to Counter Kleptocracy

Expand In December 2016, authorities seized a yacht reportedly worth $100 million from Teodorin Obiang, the president’s eldest son and vice president, as part of an ongoing Swiss investigation into money-laundering. © 2009 Madmack66 (Wikimedia Commons) The son of the president of Equatorial Guinea, Teodorin Nguema Obiang, who is also vice president, kept a US$100-million superyacht in the Netherlands and 25 exotic cars in Switzerland. The yacht is worth more than Equatorial Guinea’s entire health budget in 2011, the most recent year for which data…

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