Emeka Nweze
Following announcement by the Geneva prosecutor’s office that it had closed the probe of Equatorial Guinea Vice President and son of President, Teodoro Nguema Obiang Mangue, an auction house in Switzerland has arranged to sell 25 luxury cars seized from the lavish Teodorin. The Teodoro administration has been labeled by rights groups as one the world’s most corrupt. Teodorin had been under investigation which bordered on money-laundering and misappropriation of public assets.
The cars were confiscated by Swiss justice after the opening in 2016 Obiang’s financial wrongdoing case. The most expensive lots are a Lamborghini Veneno Roadster, valued at between 4.8m and 5.7m euros ($5.2-6.2m) and a yellow Ferrari hybrid at 2.4-2.6m euros. The cars are expected to rack in a combined estimate of 18.5m Swiss francs ($18.7m)
See some of the luxurious cars and their prices
Lamborghini Veneno Roadster – $5.2-6.2 million
Ferrari hybrid – $2.6 – 2.8m
McLaren P1 Coupe (2014) – $1,190,000
Porsche – $830,000
Bugatti Veyron – $2m
Koenigegg One – $2.8 million
Ferrari “LaFerrari” – $1.4 million
Rolls-Royce Phantom – $450,000
Lamborghini Aventaodor
