Exotic cars belonging to the son of Equatorial Guinea’s president Teodorin Nguema Obiang, have been auctioned off in Switzerland.

The cars were seized by Swiss authorities as part of an investigation into Teodorin. He is vice-president to his father, Teodoro Obiang Nguema, who has ruled Equatorial Guinea for 40 years.

Twenty-five of Mr Obiang’s cars went under the hammer at a golf club near Geneva on Sunday.

The cars, among them Lamborghinis, Ferraris, Bentleys and Rolls Royces, fetched about $27m (£21.9m; 26m Swiss francs) in total.

Under a deal will prosecutors, some $23m will go to social projects in Equatorial Guinea, a former Spanish colony where poverty is rife.

One of the most “rare and remarkable” cars, a 2014 Lamborghini Veneno Roadster, was sold for $8.3m to an anonymous buyer.
Mr Obiang is seen as the heir-apparent to his father, who has been president since 1979.

The 51 year old served as an adviser to his father and minister for agriculture, before being appointed vice-president in 2012.
In international media reports, Mr Obiang has drawn criticism for his extravagant spending habits and playboy lifestyle.

In a 2004 article, the New York Times described him as “a rap music entrepreneur and bon vivant, fond of Lamborghinis and long trips to Hollywood and Rio de Janeiro”.

Swiss prosecutors were investigating Mr Obiang for money laundering and misuse of public funds, but dropped the case in February this year.

The prosecutors said they closed the inquiry into Mr Obiang as part of an arrangement to sell his cars to fund social programmes in his country.
In 2017, a French court handed him a three-year suspended jail term for corruption.

Source: BBC