Supercars of Equatorial Guinea Vice President Teodoro Nguema Obiang Mangue - Image via L'HebdoEnlarge Photo
Another eight supercars belonging to Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea’s dictator-like leader Teodoro Obiang Nguema Mbasogo, have been seized by authorities in Switzerland.
Among the cars seized were a Ferrari [NYSE:RACE] 599 GTB, Enzo, F12 tdf and LaFerrari, a McLaren P1 and a Porsche 918 Spyder. They join a Bugatti Veyron, Koenigsegg One:1 and Lamborghini Veneno Roadster that were seized a week ago.
L'Hebdo reports that the cars were seized on Monday prior to being loaded onto a cargo plane. According to the French publication, Mangue is under investigation for money laundering.
Geneva has served as a refuge for Mangue and his cars after authorities in France and the United States started seizing his assets on their own turf, due to allegations of misappropriation of state funds and corruption or misuse of corporate assets.
The 47-year-old, officially the Vice President of the oil rich but poverty stricken Equatorial Guinea, made headlines in 2011 when French authorities seized his collection of supercars and other assets in a raid in Paris. Prior to that, U.S. authorities seized his Malibu mansion and other assets including 28 classic cars and some Michael Jackson memorabilia.