Supercars of Equatorial Guinea Vice President Teodoro Nguema Obiang MangueEnlarge Photo
The supercar-loving son of Equatorial Guinea President dictator Teodoro Obiang Nguema Mbasogo has once again had his fleet of multimillion-dollar machines confiscated.
The latest collection includes a Bugatti Veyron, Koenigsegg One:1 and Lamborghini Veneno Roadster. Instagram user swisssupercars posted a short clip on Wednesday showing the cars loaded on the back of trucks and being carted away by Swiss authorities in Geneva.
Mbasogo’s son, Teodoro Nguema Obiang Mangue, 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. That collection included a Bentley Azure, two Bugatti Veyrons, a Ferrari [NYSE:RACE] Enzo and 599 GTO, a Maserati MC12, and a Porsche Carrera GT. The entire collection was auctioned off in 2013 for just $4 million.
In the French case, Mangue is accused of using public funds to pay for his lavish lifestyle. He is also facing money laundering and other charges. Swiss authorities are working with their French counterparts in their own investigation but are yet to announce details regarding Wednesday's seizure.
Mangue and his father have also run into trouble with authorities in the United States, including having a mansion in Los Angeles seized. According to GT Spirit, Mangue is also no longer permitted to travel in the U.S. and France.