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  HOME | Mexico

Mexican Government to Auction Luxury Vehicles to Raise Money for Poor

MEXICO CITY – A Lamborghini Murcielago, a Ford Mustang Shelby and dozens of armored cars will be auctioned off next weekend by the government, with the proceeds going to two poor communities in southern Mexico, President Andres Manuel Lopez Obrador said Tuesday.

“There will be a luxury (car) auction on Sunday at Los Pinos (the former presidential residence) and whatever is obtained from it will be handed over to two municipalities in Oaxaca, the poorest in the whole country,” Lopez Obrador said during his daily press conference at the National Palace.

Lopez Obrador, the founder and leader of the leftist National Regeneration Movement (Morena), said that after the first auctions, confiscated residences and jewelry would also be sold.

Most of the items were seized from organized crime groups and the proceeds will be given to a program for young people with drug addictions and municipalities that have been left behind in the southern state of Guerrero.

Lopez Obrador, popularly known as AMLO, said that the funds generated would be managed by the Instituto para Devolver al Pueblo lo Robado (Return to the People What Was Stolen Institute), an agency created by his administration recently.

Sunday’s auction will feature 82 luxury-car lots from brands such as Lamborghini, Chevrolet, Audi and Mercedes-Benz.

“Two more vehicles and an ambulance were recently added, a donation from the king of Jordan, which will be used for the National Guard,” the president said.

Although these vehicles will not be auctioned off, they will be displayed because they “are quite extravagant.”

Ricardo Rodriguez, head of the Administration and Disposal of Goods Service (SAE), said that 82 lots would be auctioned and anyone can bid.

The initial value of the lots totals 28 million pesos (about $1.5 million).

The Office of the President told EFE that some of the vehicles were official, while others were seized by authorities and were being held by the Attorney General’s Office, and some of them had belonged to organized crime members.

 

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