Swiss Authorities To Auction The Super Cars Seized Equatorial Guinea President’s Son (See The Cars)

Collections of multi-million dollars Supercars and Hypercars, previously owned by the son of the president Equatorial Guinea, Teodoro Nguema Obiang Mangue, will be sold off during a Bonhams auction scheduled for September 29 near Geneva.
The 25 collections of super cars, which includes:-

Advert

Aston Martin One-77

Bugatti Veyron
Ferrari LaFerrari
Koenigsegg One 1
Lamborghini Veneno Roadster
Bentley
Rolls-RoycE
Ferrari
McLaren P1
The super cars were seized by Swiss authorities in 2016 as part of a wider investigation by French authorities over his alleged misappropriation of state funds.
Proceeds from the auction will be donated to social programs in Equatorial Guinea. Presently, about 76% of Equatorial Guinea’s 1.2m population live in abject poverty.


A different collections of Hypercars that included two Bugatti Veyrons, a Ferrari Enzo and a Porsche Carrera GT, were also seized by French authorities in 2011 and sold in 2013 for $4 million.
The 50 year old son of the president of Equatorial Guinea, who is also the vice-president of the West African country, is no stranger to controversy.
Last year, authorities in Brazil, which limits people from entering the country with more than $2,400 in cash, seized more than $16m (₦5.8 billion) worth of cash and luxury watches from a 11-man entourage that accompanied him to the South American country.

African Leaders And Embezzlement

What Do You Think?
Drop your comments