75 fine cars seized from Equatorial Guinea president's son go to auction

Filed under: Celebrities,Weird Car News,Auctions

A collection of luxury cars confiscated by Geneva authorities from a son of the president of Equatorial Guinea is estimated to fetch 18.5 million Swiss francs ($18.67 million) this weekend, Bonhams auction house said on Friday. Swiss prosecutors said in February that they had closed an inquiry into Teodoro Nguema Obiang for money-laundering and misappropriation of public assets with an arrangement to sell the cars to fund social programmes in the former Spanish colony. Twenty-six Ferraris, Lam

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75 fine cars seized from Equatorial Guinea president's son go to auction originally appeared on Autoblog on Fri, 27 Sep 2019 18:00:00 EDT. Please see our terms for use of feeds.

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