Cars Seized from Son of Equatorial Guinea's president Sold For ₦10 Billion (Pictures)

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, Teodorin Nguema Obiang 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.

Teodorin Nguema Obiang's Seized Supercars

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

Source: Dailymail

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