25 luxury cars seized from African leader's son sold at Auction

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People looking at a Aston Martin One-77 Coupe (2011) in front of a Ferrari LaFerrari (2015), yellow, and a Bugatti Veyron EB 16.4 Coupe (2010), blue, part of some 25 luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo are pictured before an auction of sales house Bonhams at the Bonmont Abbey Golf & Country Club in Cheserex near Geneva, Switzerland, Sunday, Sept. 29, 2019. PHOTO CREDIT: (Laurent Gillieron/Keystone via AP).





Total proceeds from the sale beat the 18.5 million francs (US$18.7 million) that authorities had hoped to fetch for a charity to benefit the people of oil-rich Equatorial Guinea.






The auction comes after the Geneva prosecutor's office announced in February it had closed a case against Teodoro Nguema Obiang Mangue, the son of the country's four-decade president, Teodoro Obiang, and two others following a probe of money laundering and mismanagement of public assets.





The Geneva prosecutor's office in February cited rules allowing prosecutors to close cases in which the person under investigation had "repaired the damage or done everything that could have been expected of him or her to make up for the wrong that was caused."


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