The son of Equatorial Guinea's dictator has released plans to construct superyacht costing $380 million, three times what his county spends on healthcare or education.
Teodorin Obiang currently resides in a $35 million-dollar mansion in Malibu, California, owns a $33 million jet, and brings in a monthly salary of $6,799 as the nation’s official Minister of Agriculture. Global witness argued the lifestyle is far too extravagant and has called for sanctions against Obiang.
Corruption watchdog group Global Witness said Kusch Yachts in Germany has been asked to build the luxurious yacht – which is to include a restaurant, movie theater, bars and a swimming pool.
AP reported the press office in Equatorial Guinea confirmed the order but insisted it had not currently been purchased, and that if it were to go through it would be paid for with Obiang’s personal funds, not “with funds derived from sources of illegal financing or corruption”