Leaked documents show Equatorial Guinea awarded $1B to a Portuguese construction giant with ties to the vice president, plus more from China Targets

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In Equatorial Guinea, the abundant luxury hotels, gleaming high-rises, ornate government offices and opulent presidential palaces have one thing in common. They're all empty.

After striking oil in the 1990s, the tiny African country became awash with new riches that, under the rule of President Teodoro Obiang Nguema Mbasogo, fueled a construction boom, enriching a handful of foreign companies along the way.

Among them was Portuguese construction giant Zagope, which the government awarded nearly $1.2 billion in contracts between 2009 and 2012, according to leaked documents obtained by Portugal's Expresso newspaper and shared with ICIJ and its media partners.

The documents also reveal that Zagope later funneled millions of dollars into a company owned by another member of the first family: the president's eldest son and anointed successor, Teodoro Nguema Obiang Mangue, or Teodorin.

Vice President Teodoro Nguema Obiang Mangue (center). Image: Muhammed Abdullah Kurtar/Anadolu Agency via Getty Images

Like the government in which he serves as vice president, Teodorin has been known to splurge — in his case, on a fleet of supercars, jewelry, art, designer clothes, and bottles of one of the world's most expensive wines. He also flaunts his lavish lifestyle on Instagram.

As Zagope was striking deals with the "playboy prince," and making payments to his company, Somagui, Teodorin's amassing wealth had caught the attention of investigators in the U.S. and France. And yet, despite the foreign scrutiny, money kept flowing into Somagui for years, even after Equatorial Guinea's oil boom dried up.

Now, the riches not looted by the country's elite can be seen in its slowly decaying infrastructure, including an airport bearing the president's name and a half-built capital city channeling the grandeur of 19th-century Paris. Read more here. 

DANISH LAWMAKERS CALL FOR PROBE
Three Danish political parties have called on their government to investigate Beijing's repression campaign against dissidents living in Denmark following ICIJ's China Targets investigation. "Even if you have fled China and are living in another country, the Chinese state is still watching you," said Rosa Lund, a member of one of the parties. "These are really scary stories."

READ MORE FROM CHINA TARGETS
ICIJ's most recent investigation, in collaboration with 42 media partners, exposed the Chinese government's relentless pursuit of its perceived enemies, including Hong Kong pro-democracy activists in the U.K. who found their names in a sinister online campaign, a Uyghur advocate threatened after secretly talking to a New Zealand television outlet, and many more.

Thanks for reading!

Joanna Robin
ICIJ's digital editor

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