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Friday, 4 November 2016

Switzerland Seizes 11 Luxury Cars Owned by Son of the President

The Swiss government has reportedly seized 11 cars belonging to Equatorial Guinea president Teodoro Obiang Nguema Mbasogo‘s son, Teodorin Obiang.
acbNews reports that Obiang is currently facing a preliminary investigation in Switzerland in connection with a case in France for wrongful spending of public funds.

The cars seized include three Ferraris, a McLaren P1, and an Aston Martin One77.

L’Hebdo magazine also reports that there’s a Bugatti Veyron valued at 2 million euros ($2.2 million), and a Swedish-made Koenigsegg One:1 – only seven of those models have been produced at a base price of $2.8 million.

Obiang, was promoted in June by his father to be vice-president of Equatorial Guinea.

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