An auction house in Switzerland has sold 25 luxury cars including Ferraris, Rolls-Royces and Lamborghinis that Geneva authorities seized from the son of Equatorial Guinea's president in a money-laundering probe.

Swiss authorities say the sale Sunday by auctioneer Bonhams fetched £21.9 million, with the proceeds going to a charity to benefit the people of oil-rich Equatorial Guinea.

The sale took place at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland.




https://www.dailymail.co.uk/news/article-7517715/Luxury-cars-seized-son-Equatorial-Guineas-president-sold-Switzerland.html

When Swiss authorities seized the cars, they also ordered the sequestration of a yacht.

However, it was later released in an arrangement under which Equatorial Guinea agreed to pay Geneva authorities £1.1 million 'notably to cover procedural costs'.




Pictured(1&2).

A white-and-cream Lamborghini Veneno roadster, one of only nine such versions produced, was the star of the auction.

Having been driven only 325 kilometers (201 miles).

Iwas expected to fetch at least £4.3 million.

Teodoro Nguema Obiang Mangue (pictured), the son of the Equatorial Guinea's four-decade president, Teodoro Obiang, was probed over money laundering and mismanagement of public assets, which led to the seizure of the luxury fleet of cars.

Equatorial Guinea president's son, who is also a vice president, has been ensnared in legal trouble elsewhere.

Last year, Brazilian officials said $16 million (£13 million) in undeclared cash and luxury watches that were seized from a delegation he led may have been part of an effort to launder money embezzled from the country's government.

Africa has a leadership problem, the leaders are mostly kleptomaniacs. God safe us.

I see you.




Following .....

Sell them all !!

Africa my Africa , Na who swear for us like this

Ok

And people in their country are wallowing in abject poverty, what kinda person travels with $16 million in cash wtf??
African Leaders and their insatiable greed
I really hope they are all brought to book soon Lord knows
A country where not everyone can afford to put 3 square meals on their table
A whooping 10Billion

Black leaders and embezzlement!!!

You would think they eat the cash bills with the greedy way they keep piling them everywhere. Vaults,soakaways,cemetery, bunkers and all sorts.
Some die suddenly and these hoards end up blessing the rat populations around where they were kept.


TUEH!!!

www.nairaland.com/attachments/9357362_1557417994348_jpeg825b33e87490661fedb629ad0a577083

guu

When Swiss authorities seized the cars, they also ordered the sequestration of a yacht. 

However, it was later released in an arrangement under which Equatorial Guinea agreed to pay Geneva authorities £1.1 million 'notably to cover procedural costs'.

See business these people are using Africa dey do. He laundered money into your economy, you accepted and went ahead to seize and charge the country for seizing it. I am tired of these oyibo thieves. To our African leaders, we allowed them to run amok. It's our fault and not theirs

Poor country and someone has that much to throw around ?

The people are the only natural disaster that we have in africa,this is not leaders alone,we are all bad!

My God! Africa is in a deep mess with all of these greedy bastards in power. Look at what our own President’s son was driving too that nearly cost him his life

In a country as poor as Equatorial Guinee.

No sane country in Africa honestly. You acquired all these to proof what exactly. Most of these kids only thrives on looted funds without recourse to reasoning.. Quite disheartening.

Thieving apes who belong in the wild or zoos.

Even the original apes would marvel at their animalistic thieving and greedy beings.

Tueeeh

Just wondering, what do they discuss in Addis Ababa when holding AU meetings?

No infrastructural development to replicate, but corruption on a wide scale.

This is why Africa will never move forward...

I wonder how some people think, like seriously how would you be comfortable living a lavish life with the BirthRight of Others.


modafucker

Please when are they coming to Nigeria!!

Can u see the sense of a black man.

I tire for Africa o

dont8:
Just wondering, what do they discuss in Addis Ababa when holding AU meeting?

No infrastructural development to replicate, but corruption on a wide scale.

i wonder o

Father president, son vice

I'm black but we are CURSED.