• A 2014 Lamborghini Veneno just fetched $8.27 (R126 million) million at a Bonhams auction in Switzerland last month.
  • The car was originally seized from Equatorial Guinea Vice President Teodoro Nguema Obiang by Swiss officials in 2016, the BBC reported.
  • The supercar is one of 26 vehicles from Obiang's collection that the State of Geneva and Bonhams auctioned.
  • For more stories go to www.businessinsider.co.za.

A 2014 Lamborghini Veneno Roadster just fetched $8.27 million (R126 million) at an auction in Switzerland on September 29, making it the world's most expensive Lamborghini ever auctioned according to the auction house.

The car was a part of a collection of 26 supercars that was auctioned off by Bonham and the State of Geneva. The cars were originally seized from Equatorial Guinean Vice President Teodoro Nguema Obiang Mangue, son of the oil-rich country's dictator Teodoro Obiang Nguema Mbasogo.

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Obiang Mangue was charged in 2017 for money laundering and embezzlement of over $100 million (R1.5 billion), although the charges were dropped this past February, the Washington Post reported. The cars were seized one year prior.

The 26 supercars fetched almost $27 million (R412 million) in total at the auction. A portion of the sales, about $23.46 million (R358 million), will be donated to a charity in Equatorial Guinea.

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