Rapper Eve's ex-boyfriend, Teodorin Nguema Obiang has been accused of laundering millions of dollars worth of illegal funds, and now Eve is being dragged into the case.

According to a government report, Obiang and Eve set up a fake "shell" company, "Sweet Pink, Inc," back in 2005, which Obiang then funneled illegal funds through.

Obiang is the son of President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea -- a tiny oil rich nation on the West African coast. He was known for his high profile lifestyle, showing off his money and showering Eve with over the top gifts, such as the $700,000 he reportedly paid to rent a 300-foot yacht to take his girlfriend on a cruise around St. Bart's.

Obiang is accused of laundering over $100 million total, though Citibank and Wachovia banks. The money is said to stem from corruption related to the oil and gas reserves just off the coast of Equatorial Guinea.

Eve addressed the arrest via her Twitter account this morning, denying the accounts. "None of that is true," she tweeted. "Please don't believe everything you read on the Internet. It's negative and I don't f--- with negativity. People tryna test me."

Lawyers are due to testify about the case today.