Equatorial Guinea’s VP in hot water: Koenigsegg One:1 and Lamborghini Veneno seized in Switzerland

Article by Christian A., on November 7, 2016

The foreign authorities have seized at least eight million dollars worth of supercars recently. According to reports, the Lamborghini Veneno roadster and the Koenigsegg One:1 held by the government was from the Equatorial Guinea’s Vice President. Teodoro Nguema Obiang Mangue is the Vice President of the oil-rich Equatorial Guinea, who also happens to be the son of Teodoro Obiang Nguema Mbasogo, an African President and dictator.

How the police authorities seized the exotic supercars has not been disclosed but pictures of the cars lifted by a truck have already surfaced. SwissSupercars, an Instagram account from Switzerland, was able to upload a short video of the incident. We don’t know what’s the real reason behind all these, but the notorious playboy has allegedly used the government funds to maintain his lavish lifestyle.

The Swedish authorities confiscated the Veneno and the Koenigsegg One:1 including a Veyron. There are only 7 Koenigsegg One:1 models and 9 Lamborghini Veneno Roadster supercars in the world. Mangue’s Lamborghini Roadster comes in Avorio & Bianco Isis colour combo, the Koenigsegg in blue carbon fibre finish, while the Bugatti Veyron in bright blue. It was only last year when Mangue’s super exotics arrived in Geneva.

Apparently, the same incident happened in 2011 after French authorities raided Mangue’s mansion in Paris. A total of eleven exotic cars in his possession was confiscated during that time including a Ferrari 599 GTO, a Rolls Royce Phantom, a Maybach, a Ferrari Enzo, a Porsche Carrera GT, a Maserati MC12, a Bentley Azure and a couple of Bugatti Veyrons. These cars were later on sold at an auction totalling to just $4.1 million. Mangue’s Paris Mansion was also seized during the raid but we learned that the Vice President owns several mansions in other parts of the world.

Wealthy billionaires can actually afford a fleet of supercars, yachts and maintain an extraordinary lifestyle. So probably, it is the Equatorial Guinea’s impoverished population that got the authorities interested to look into its Vice President’s prized possessions.

Considering the fact that Equatorial Guinea is the largest oil producer in Africa, chances are high that the money used for the cars are from the government’s expense. Both the Swiss and French authorities have started their own investigations and are also cooperating in the procedure. There are no words yet if the recently seized Koenigsegg and Veneno will be auctioned, but this would surely stir the excitement of the upper class.

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