The list includes a Koenigsegg One:1 and a Lamborghini Veneno

There are only a handful of people in the world that can claim to own a Koenigsegg One:1 or a Lamborghini Veneno. There are even fewer who can say they own both. Equatorial Guinea vice president Teodoro Nguema Obiang Mangue had that distinction until recently, when both his One:1 and Veneno were confiscated by Swedish authorities in Geneva.

No specific reason has been given behind the confiscations of the two prized exotics, but it is believed to be related to a series of investigations surrounding Mangue and his lavish lifestyle as the son of long-standing dictator Teodoro Obiang Nguema Mbasogo. The extravagant son is accused of using public funds to finance his opulent lifestyle and according to other reports, he’s also accused of money laundering, among other charges.

The confiscation of the One:1 and the Veneno, not to mention a Bugatti Veyron, made headlines after Instagram user swissupercars posted a clip on his page showing the three exotics being loaded in the back of trucks by Swiss law enforcement authorities in Geneva.

Those who are familiar with Mangue’s reputation know that this isn’t the first time that his prized possessions has been raided by authorities. A similar incident happened in 2011 in Paris where French officials confiscated his entire collection of supercars, which included a Ferrari Enzo, Maserari MC12, Bentley Azure, Porsche Carrera GT, Ferrari 599 GTO, and a pair of Bugatti Veyrons. Those cars were eventually auctioned off in 2013, where it sold for a bargain price of just $4 million.

No word yet on what fate awaits the Koenigsegg One:1, Lamborghini Veneno, and Bugatti Veyron. But if history is used as a precedent, those cars could find themselves in an auction sooner than later. Better get those bids ready.

Continue after the jump to read the full story.

Hopefully, these cars find new - and better - owners

There are a lot of layers to the story surrounding the rise to power of Teodoro Obiang Nguema Mbasogo and his family. We’re not going to dive deep into that here, but it is worth pointing out that despite ruling Equatorial Guinea for more than 30 years, the country that’s regarded as one of Africa’s largest oil producers and is the richest country in the continent per capital, the current living conditions in it are still one of the worst in the continent. According to the UN, more than half of the 1.2 million population do not have access to clean drinking water and the country itself is characterized by rampant corruption and human rights abuse.

That’s the gist of it so only somebody who is naive to the sensibilities of politics will not be able to piece together the massive discrepancy in lifestyle between the population of Equatorial Guinea and its rulers.

But again, I’m not going to elaborate more than I have because my focus is on the Koenigsegg One:1, Lamborghini Veneno Roadster, and Bugatti Veyron. All three are considered some of the most sought-after exotics in the world and that’s especially true for both the One:1 and the Veneno. According to GT Spirit, the blue and tan One:1 owned by Mangue is chassis #111 and is one of only seven One:1 models in existence today. Likewise, the Blanco Isis & Avorio Veneno Roadster is just as exclusive with only nine models built and this particular model being chassis #7.

It’s clear that Mangue will never get these cars back, nor should he. But what happens to them will be carefully monitored by everyone considering how rare both models are. My guess is the auction block; I just don’t know where or when that’s going to be.

Read our full review on the Koenigsegg One:1 here.

Read our full review on the Lamborghini Veneno here.

Read our full review on the Bugatti Veyron here.

Source: GT Spirit

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