75 fine cars seized from Equatorial Guinea president's son go to auction - Motorgen - Automotive Events, Meets, Cruises and Forums

RSS Reader · 09-27-2019, 05:37 PM

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