RivieraLife.tv Property
- Dictators &
Despots on the Cote d'Azur
Tunisia’s exiled President Ben Ali and
the RivieraRLTV
18 Jan 11
Paris investigators are researching
options to prosecute an unnamed associate of exiled Tunisian
President Ben Ali for money laundering, according to
Nice Matin.
The paper reports that the Ben Ali family and wife,
Leila Trabelsi were regular visitors to the Cote d’azur.
Trabelsi was in Monaco for the Grand Prix last May hiring a
suite in the Metrople. According to a former employee, the family owns an entire building in Monaco opposite the Grimaldi Forum. Ben Ali’s family spent several summers in the
Gulf of St. Tropez renting four or five villas in Ramatuelle (pic).
Ice cream and yoghurt from St. Tropez were often flown to Tunis
for dinner parties held by the Ben Ali family.
MD.
Jean-Claude Duvalier's years in exile on
the Riviera
guardian.co.uk 17 Jan 11
'Baby Doc' went from riches to rags after
fleeing the Caribbean for France in 1986. Now back in Haiti, he
faces an uncertain fate. When the Haitian dictator Jean-Claude
"Baby Doc" Duvalier arrived in France in 1986 with millions of
dollars looted from the Caribbean country's national treasury,
he did not intend to stay long. At first, he lived in a style to
which he was accustomed: a magnificent chateau outside Paris and
a luxury villa on the Côte d'Azur, where the family boasted
speed boats and collections of jewels and art.
Duvalier would race around the French Riviera in fast cars
including a Mercedes, a BMW and a Ferrari Testarossa.
Kim Willsher.
Gabon
President - El Hadj Omar Bongo
Omar Bongo pocketed millions in embezzled funds, claims US cable
guardian.co.uk 30 Dec 10
Gabon’s late president Omar Bongo
allegedly pocketed millions in embezzled funds from central
African states, channelling some of it to French political
parties in support of Nicolas Sarkozy, according to a US embassy
cable released by Wikileaks and published by El País. A senior
official at the Bank of Central African States (Beac) told a US
diplomat in Cameroon of Bongo's "brazen" defrauding of the bank
which holds the pooled reserves of six central African countries,
including Gabon, Cameroon and the Democratic Republic of Congo.
Shortly after Bongo's death in 2009, the US embassy in Yaounde
said the bank source told them: "Gabonese officials used the
proceeds for their own enrichment and, at Bongo's direction,
funnelled funds to French political parties, including in
support of French President Nicolas Sarkozy." The Bongo clan is
one of three families of African leaders currently under
investigation in Paris over whether they embezzled state funds
to acquire vast assets in France, including bank accounts,
Riviera villas and fleets of luxury cars.
Angelique Chrisafis.
Video Report from France 24
FR3
Video The Late Gabon
President's Controversial Properties In Nice
RLTV 13 Jun 09 Gabon
President for 42 years, El Hadj Omar Bongo died on Monday
8th June 09. Prior to his death he was under investigation
by judicial authorities in France for alleged embezzlement.
It was alleged that the volume of real estate owned by Mr
Bongo's family in France could not have been purchased with
official salaries alone. In recent weeks his bank accounts
in France were frozen following bribery allegations. In 2007
a police investigation into real estate owned by the President and
his family in France disclosed 33 properties in Paris and Nice
worth an estimated $190 million.
Amongst
his properties in Nice are an estate on
Boulevard Frederick
Sperling
in Nice's wealthiest district Cimiez (pictured above)
with three villas, two apartments and a pool worth €5million and
an apartment complex in nearby Avenue
Scuderi. Mr Bongo was
also linked to the 1990s investigation of the French state-owned
oil firm Elf-Aquitaine, which exposed a murky world of bribes and
secret funding of political parties. He was named as the final
beneficiary of millions of dollars transferred into Swiss bank
accounts - but again, he strongly denied any wrongdoing.
Zaire's former dictator
Mobuto Sese Seko
Russia tycoon cedes French, London estate for debt
CNBC 22 May 09
Russian tycoon Shalva Chigirinsky has handed over his French Riviera
villa and a London mansion to his oil company which is suing him for
$400 million. Sibir Energy said on Friday it had "received a charge"
over shares in the company which controls Villa Marina Irina on France's
Cap Martin.
Melissa Akin / Reuters.
Oligarch Chalva Tchigirinski to lose Monaco palace
The Sunday Times 19
Apr 09 Among the
assets included in the agreement are the palatial Villa Marina Irina in
Cap Martin. The property overlooking Monaco is valued at $250m, making
it one of the most expensive residences in the world.
Danny Fortson.
Villa Marina Irina (pictured
above) was formerly known as 'Villa del Mare' and was the refuge of
Zaire's former dictator Mobuto Sese Seko, who constructed the villa
and lived between here and his Swiss home in his final years after
being overthrown by Laurent Kabila.
This article for the New Yorker magazine
by Adam Hochschild, highlights some disturbing parallels between
Mobutu and his villa on Cap Martin, and Belgium's King Leopold II
and his former Villa Leopolda (see below) a few miles away in
Villefranche/Cap Ferrat.
RLTV.
Former
Iraqi leader Saddam Hussein
Iraq to rent out Saddam's French villa
ABC News 24 Apr 09
Iraq has announced it will rent out the executed dictator Saddam
Hussein's mansion in the French Riviera because of the global
economic crisis and the fall in housing values. His family, which
had all of their assets frozen by the United Nations, owned two
properties on the Riviera, one on the hills above Cannes which was
bought for 10 million euros ($18.4 million) in 1982.
AFP.
Saddams lost life on the Riviera
The Times 9 Oct
2005 The former
Iraqi dictator, had two sumptuous homes in southern France. Saddam never
visited either property but one, a white-walled, 12-bedroomed villa on a
hill overlooking Cannes, was occasionally used for parties by Uday, his
son. The other house, worth £4m, is perched in the hills above
Grasse, capital of the French perfume industry.
Matthew Campbell.
Former Villa of
Belgium's King Leopold II
in the News
Russian Oligarch
in Dispute Over Villa
Just weeks before
the banking bubble burst last September, the Russian oligarch
Mikhail Prokhorov is reported to have decided to purchase the opulent Villa Leopolda
in Villefranche-sur-Mer from the wife of the late US
banker Edmond Safra. The reported price tag of almost €400
million would have made it the most expensive property deal in the
world. The €3.9m local taxes on the deal would have equalled
Villefranche-sur-Mer's total annual budget. Prokhorov who is
reported to be worth €14bn, filed papers to cancel the deal in
January and wants his deposit back.
The current owner, philanthropist Lilly Safra says she is not required to return
the deposit and wants to donate it to charities supporting medical
research, patient care, education and other important humanitarian
causes. This video posted on YouTube last August, when the deal was
announced, shows a news report from French TV channel TF1 with
views of the property that was built by Belgium's King Leopold II
in 1902. RLTV.
Read More here.
Russia's
post-Communist super rich businessmen, commonly referred to as
the 'oligarchs', have become a fixture on the Cote d'Azur. Many
have bought, and sold, some of the most prestigious real estate
on the French Riviera. We look at some of the recent deals that
have hit the headlines.
British
property developer Robert Bourne has given up on his
plans to re-develop the site that until recently housed
the Cap Ferrat Zoo, however the future of the land is
now up in the air. Local authorities are looking at an
institutional buy back of this prime piece of real
estate and at who would manage any eventual re-opening
of the zoo. Check out the latest news here as we look at
a step by step history of the battle to save the zoo.
This
massive project in Juans les Pins was slated to open in 2010
with local developers confident that the sub-prime inspired
global property crash would not touch the Cote d'Azur. However,
rumours abounded that the project had
ground to a halt and even that it was unviable in the
current economic climate. To address these rumours, Provençal
Investments SA issued a press statement announcing that the project was now 'due for completion
2012'.
Last year
people who had never met Bernie Madoff were queuing up to invest
their wealth with him on the promise of secured returns. This
year he is the scourge of the investmet world. The big question
is how he got away with his $50bn 'Ponzi Scheme' scam for so
long. Now US authorities want to seize his assets. His property
on Cap d'Antibes is relatively modest valued at $1.6m. Madoff's
$7m yacht 'Bull' is moored in the South of France.