Thursday, November 3, 2016

Swiss Authority Seizes 11 Exotic Cars of Guinea Equatorial President's Son

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Eleven luxury vehicles and sports cars belonging to the son of Equatorial Guinea's president have been seized in Geneva as part of a preliminary investigation into alleged corruption, authorities said Thursday.

The cars belonging to Teodorin Obiang were confiscated Monday in the freight zone at Geneva's airport, Henri Della Casa, a spokesman for the Geneva prosecutor's office, said.

L'Hebdo magazine reported on its Web site that the vehicles included a Bugatti Veyron valued at 2 million euros ($2.2 million), and a Swedish-made Koenigsegg One:1.
 Koenigsegg spokesman Steven Wade said only seven of those models have been produced at a base price of $2.8 million.
Vincent Derouand, another spokesman for the prosecutor's office, provided a list of the seized vehicles later Thursday that also included at least 
Three Ferraris, 
A McLaren P1, and 
An Aston Martin One77.

Obiang is facing a preliminary investigation in Switzerland in connection with a case in neighboring France, where he faces trial for alleged misspending of public funds.

-AP

*When will Africans ever learn?*

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