Auction Of Super Cars Seized From Son Of Equatorial Guinea’s Dictator Nets $27 Million

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Auction Of Super Cars Seized From Son Of Equatorial Guinea’s Dictator Nets $27 Million
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that went a recording-setting $8.3 million. With only 200 miles on the odometer, the car seems to have been rarely driven.

The proceeds will be used to fund social programs in the former Spanish colony, which has been ruled by Obiang’s father for 40 years. Equatorial Guinea has been ranked as one of theA Koenigsegg One:1 on show at the auction preview at Bonmont Abbey in Cheserex, Switzerland.The Lamborghini Veneto Roadster was the prized item in the auction of Obiang's super car fleet.AFP/Getty Images...

. Swiss prosecutors announced in February that they would drop the charges against him and return his yacht when he agreed to pay $1.2 million to cover the costs of the investigation. AFP/Getty Imagesby a French court for using public money to pay for his luxury lifestyle in Paris. He was given a three-year suspended jail term.

In September, airport customs officials members confiscated more than $16 million worth of cash and watches from Teodorin’s entourage during a visit to Sao Paulo. Brazilian media reported the cash was supposedly to pay for medical treatment Teodorin was receiving and that the watches were for personal use.

The 49-year-old appears to be the likely successor for his father Teodoro Obiang, 77, despite recent brushes with the law and a playboy lifestyle chronicled on his

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