Andrés Manuel López Obrador,who is just six months into his six-year term, has vowed that proceeds from Sunday’s auction will be channelled into social programmes and deprived communities.
Currently, there are 82 seized vehicles up for sale including Lamborghinis, a 1965 Ford Mustang Coupe and Ford F-150 Shelby. Other cars include Corvettes, Mustangs, Hummers, Mercedes, Porsches, Camaros, Jaguars, Jeeps, and more average cars like a Fiat 500 and a Smart ForTwo.
Ricardo Rodriguez, head of the newly created Institute to Return Stolen Goods to the People, said:
“Before, this worked like a reverse Robin Hood … taking from the people and giving to the corrupt. Not anymore”
The first auction, set for Sunday, will seek bids for 77 vehicles with a total starting price of around $1.5 million. The vehicles up for auction include Porsches, Corvettes, Mercedes-Benzes, a Mustang convertible and a 2007 Lamborghini Murcielago.
The proceeds of this auction will go to two municipalities in the Mexican state of Oaxaca, one of the poorest in the country.
Subsequent auctions, including one that will offload three seized homes worth around $7 million and another that will sell seized jewelry, will benefit a youth drug rehabilitation program and impoverished mountain communities in the state of Guerrero.
Since taking office in December, Lopez Obrador has rolled out a string of welfare programs for the poor and the elderly, cut salaries for top civil servants and said he is saving public money by eliminating corruption.
The Mexican president, who shunned luxurious lifestyle and drives a modest white Volkswagen Jetta, added that two cars and an ambulance donated by the King of Jordan will go to the National Guard, a new security force.
See the full list of the 82 cars set to be auctioned off at the unoccupied Los Pinos presidential mansion on Sunday May 26 2019.