19 Jan 2006

Auction sells former French Polynesian president's property to settle debt

4:19 pm on 19 January 2006

A tribunal in French Polynesia has auctioned a property which was seized from the former president, Gaston Flosse, last year.

The news agency Tahitipresse reports that an entrepreneur paid nearly 1.4 million US dollar for the property on the island of Huahine.

The auction followed last November's court order for the sale after a debt claim process against Mr Flosse was begun last May by a Vanuatu firm, Pacer Limited International Trust Company.

The buyer said he simply wanted to acquire the property, including a bed that had been used by the king of Tonga.