The Hammer Comes Down on Malabo Fleet

A fleet of luxury, high-performance cars seized from the son of Equatorial Guinea’s president have been auctioned off for more than $23 million. The 25 cars were seized by Swiss authorities after an investigation into money laundering.   They once belonged to Teodoro Nguema Obiang Mangue, who is also vice president to Equatorial Guinea’s 40-year ruler President Theodora Obiang. Among the cars sold Sunday were Lamborghinis, Ferraris, Bentleys, Rolls Royces and a McLaren. A rare white Lamborghini Veneno Roadster, one of only nine built, sold  for $8.3million to an anonymous buyer. Proceeds from the auction will go to a charity to fund social programs in the tiny oil-rich Central African country.


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