Eleven Supercars Owned by Equatorial Guinea President Sold for $4 Million

Back in 2011, eleven supercars were seized from the President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo. The insane supercar collection was seized in Paris, France.

Among the cars seized by the French police were two Bugatti Veyrons, a Maserati MC12, a Porsche Carrera GT, a Ferrari Enzo, Rolls-Royce, Bentley, Maybach, Aston Martin and a Ferrari 599 GTO. The supercars were seized at Teodoro Obiang Nguema Mbasogo’s Parisian residence at 42 Avenue Foch, just a stones throw away from the Arc de Triomphe. The cars were seized over investigations into the alleged theft of public funds in Equatorial Guinea back in 2011.

As you could imagine, this insane supercar collection was worth upwards of $10 million, and according to the International Business Times, that entire collection recently went under the hammer fetching just $4 million. Making that figure all the more insane is the fact that all eleven exotics have barely been driven since originally leaving their respective production facilities.

Teodoro Obiang Nguema Mbasogo is currently the longest ruling leader in Africa and was once the Chairman of the African Union. In November 2010, the Supreme Court of France accepted the appointment of an investigating judge and the opening of a judicial inquiry into claims that the President has used state funds to purchase private property in France.

[Via International Business Times]

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