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Mr Obiang purchased the 12-acre estate for $31m (£19.5m) in 2004, telling Los Angeles estate agent Neal Baddin that he would be paying with cash.
Swiss authorities raised $27 million for charity with the September 28 auction of a fleet of super cars seized from the son of Equatorial Guinea’s dictator Teodoro Obiang.
Teodoro Obiang Mangue, the vice president of Equatorial Guinea and a Michael Jackson superfan, was hit with sanctions by the U.K.
First, that politician was lucky enough to be Teodoro Nguema Obiang, heir apparent to the autocratic dictator of Equatorial Guinea, a tiny country in West Africa which since discovering huge oil ...
These cars and more were seized from Equatorial Guinea’s vice president Teodoro Nguema Obiang Mangue and will be auctioned in Switzerland. Lamborghini. Dolce e Veloce Replaces the Enzo Cruise-In.
Obiang, who is also the second vice president of the small oil-rich state on Africa's west coast, faces up to 10 years in prison if found guilty of corruption, money laundering and embezzlement.
Mr. Obiang seized power in a coup in 1979. He won elections in 1996, 2002 and 2009 with at least 95 percent of the vote, and Mr. Davis said he had advised Mr. Obiang that his huge margins of ...