63°F
weather icon Clear

Mexico plans to auction off seized luxury goods to help poor

MEXICO CITY — Mexican President Andrés Manuel López Obrador hasn’t just moved out of the luxurious president’s residence, he’s using it to auction off seized luxury goods to raise money for poor communities.

After he took office Dec. 1, López Obrador stayed in his middle-class condominium and turned the Los Pinos residence into a museum and cultural venue.

But on Sunday, the sprawling compound will host the first of several auctions of seized luxury goods, including a 2007 Lamborghini Murcielago, with an estimated worth about $73,000. If that’s too expensive, there is a 2014 Mercedes Benz ML63 at about $20,000.

There are also, interestingly, lots of bullet-proof cars up for bid. Proceeds will go to two of Mexico’s poorest townships, Santo Reyes Yucuná and Santa María Sanir in Oaxaca state.

López Obrador’s new Institute to Return Stolen Goods to the People will continue with auctions of real estate and jewelry, most confiscated from criminals or in tax cases.

Some of the seized properties have been loaned out for use by non-governmental groups but will eventually be sold in other auctions to raise money.

Don't miss the big stories. Like us on Facebook.
THE LATEST
House Democrats move to lower drug prices

House Democrats unveiled a bill to control the costs of prescription drugs, but Republicans criticized it as the first step in nationalizing the pharmaceutical industry.

Gun negotiations going ‘very slowly’ says Trump

President Donald Trump is pouring cold water on prospects for a bipartisan compromise on gun legislation, even as his aides circulate a draft plan on Capitol Hill.

Both sides seek unity after vote shows deep Israeli divisions

Prime Minister Benjamin Netanyahu and his chief rival, Benny Gantz, on Thursday each called for the formation of a unity government following Israel’s inconclusive national election. But with both men demanding to be prime minister, there were no signs they could break the deadlock.

Canada’s Trudeau tries to contain furor over brownface photo from 2001

Prime Minister Justin Trudeau’s campaign moved to contain a growing furor Thursday after a yearbook photo surfaced of him in brownface at a 2001 “Arabian Nights” costume party and two other similar incidents came to light.

Whistleblower complaint may involve Trump, says House intel chairman

President Donald Trump’s director of national intelligence is refusing to turn over to Congress an urgent whistleblower complaint that reportedly concerns Trump making an unspecified promise to a foreign leader, the chairman of the House intelligence committee said Thursday.

Imelda draws comparisons to Harvey; 1K plus rescued overnight

The remnants of Tropical Depression Imelda unleashed torrential rain Thursday in parts of Texas, prompting hundreds of water rescues, a hospital evacuation and road closures as the powerful storm system drew comparisons to Hurricane Harvey two years ago.

Suicide bomb at Afghanistan hospital kills 20, says governor

A powerful suicide truck bomb devastated a hospital in southern Afghanistan early Thursday morning, killing 20 people and wounding 97 others, according to the province’s governor, while a deadly drone strike in the country’s east was blamed on U.S. forces.