U.S. reaches $30.3 million settlement with Vice President of Equatorial Guinea

Reuters News
Posted: Oct 10, 2014 12:59 PM

WASHINGTON (Reuters) - A federal judge in California on Friday announced a $30.3 million settlement between the United States and Second Vice President of Equitorial Guinea Teodoro Nguema Obiang.

As part of the agreement, Obiang will sell his U.S. assets, including six life-sized statues of late singer Michael Jackson, which the Justice Department said were bought with money looted from the impoverished country.

(Reporting By Julia Edwards)