Cars seized from African leader’s son worth $25m being sold at auction after money-laundering probe

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September 29 2019

An auction house in Switzerland is set to sell 25 luxury cars including Ferraris, Rolls-Royces and Lamborghinis that Geneva authorities seized from the son of Equatorial Guinea’s president in a money-laundering probe.

Swiss authorities say the sale Sunday by auctioneer Bonhams is expected to fetch some 18.5 million Swiss francs (S$25 million), with the proceeds going to a charity to benefit the people of oil-rich Equatorial Guinea.