paris millions euros assets belong son equatorial guinea president order seize french court find guilty absentia friday use money plunder country buy property luxury cars paris court find teodorin obiang 48 guilty embezzlement order confiscation 100 million euros worth french assets obiang deny charge obiang eldest son president teodoro obiang vice president also hand three-year suspend prison sentence suspend 30 million euros 34.78 million fine court president cite slow response part french bank system contribute penalties suspend hence lenient case first several reach court broad judicial investigation allegations illicit acquisitions france long-time leaders family relatives several african countries include gabon congo republic obiang luxury residence paris avenue foch grand sweep road near arc de triomphe often favour wealthy african expatriate politicians among assets scrutinise trial property buy 25 million euros 2005 101 room gym hair-dressing studio disco cinema screen paris prosecutor jean-yves lourgouilloux say obiang fraudulent spend amount 150 million euros court critical societe generale france second big bank bank france deem complacent towards obiang finance slow react role two bank take account justify suspend sentence obiang court say attitude societe generale similar bank france may lead obiang think long period time france kind tolerance practice benedicte de perthuis senior judge sit case tell court societe generale say party trial therefore particular comment make officials bank france immediately respond request comment obiang first put trial january case 10 years work postpone lawyers argue enough time prepare defence father president teodoro obiang nguema mbasogo rule equatorial guinea former spanish colony three decades make one africa longest-serving leaders right group label administration one world corrupt equatorial guinea leader 's son find guilty embezzlement french court