Western governments have been confiscating looted assets and prosecuting corrupt individuals far beyond their borders
a billion dollars. That was the easy part. The country of which you are president may be poor, which is a pity, but it is also lawless, which creates opportunities. The auditors, police and prosecutors who should have slapped the hand you put in the treasury chose to kiss it instead. So your pockets are bulging with ill-gotten loot. There is just one snag: the world has grown less tolerant of kleptocrats.
So here are some steps they can take to safeguard their loot. First, stay away from social media. The younger Mr Obiang posed on Instagram in fancy cars and on private jets. That may have impressed his friends, but it also raised awkward questions about how he could afford such extravagant toys. Third, keep an emergency stash close to hand. The late Robert Mugabe, who misruled Zimbabwe for three decades, always travelled with a suitcase of “coup money”, in case he was ousted while abroad. Cash piles must be looked after, mind. A former ruler of Equatorial Guinea, Francisco Macías Nguema, kept a large portion of the country’s foreign reserves in a bamboo hut in his garden. He forgot to waterproof the hut, alas, and much of his stash rotted.
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