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Luxury Cars Seized from Son of African Dictator Sold at Auction in Paris

Posted: Jul. 9th, 2013  |  By DailyLuxe News

Nine luxury cars seized by French officials owned by Teodorin Obiang were auctioned off  and sold for $4.1 million on Monday , reports Reuters and Forbes.

Obiang is the son of Equatorial Guinea’s president. The cars were taken from Obiang’s residence in Paris due to his  involvement in a money-laundering investigation.  The special auction drew approximately 100 people. The cars included brands such as Porsche, Bugatti, and Maserati.

Teodorin Obiang, 42, is the eldest son of Teodoro Obiang, who presides over one of Africa’s largest oil producing countries. He currently serves in his father’s government as second vice-president, even though he spends very little time in the country. 

Read More on forbes.com
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