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Home > africa: Exxon probed over $500m Africa scandal

Contributor [1]
Thursday, May 15, 2003 - 03:00
Categories: 
Corruption [2]
Issue Number: 
110 [3]
Article-Summary: 

ExxonMobil and other leading oil companies are to face an investigation into how up to $500m (£310m) came to be paid into a private US bank account, said to be solely controlled by the President of Equatorial Guinea. Global Witness, a London-based anti-corruption campaign group, has written to John Ashcroft, the US Attorney General, asking him to look into allegations that Equatorial Guinea's ruler, Teodoro Obiang Nguema Mbasogo, has between $300m and $500m deposited in the Dupont Circle bra...read more [4]

ExxonMobil and other leading oil companies are to face an investigation into how up to $500m (£310m) came to be paid into a private US bank account, said to be solely controlled by the President of Equatorial Guinea. Global Witness, a London-based anti-corruption campaign group, has written to John Ashcroft, the US Attorney General, asking him to look into allegations that Equatorial Guinea's ruler, Teodoro Obiang Nguema Mbasogo, has between $300m and $500m deposited in the Dupont Circle branch of Riggs Bank in Washington, DC.

Category: 
Governance [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/14954 [6]

Source URL: https://www.pambazuka.org/node/16338

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[1] https://www.pambazuka.org/author/contributor
[2] https://www.pambazuka.org/taxonomy/term/3283
[3] https://www.pambazuka.org/article-issue/110
[4] https://www.pambazuka.org/print/16338
[5] https://www.pambazuka.org/taxonomy/term/3274
[6] http://www.pambazuka.org/en/category.php/corruption/14954