Kola Aluko, controversial Nigerian oil tycoon, has
sold his Bel-Air, Los Angeles mansion for $21.5 million, taking a $3 million
loss after purchasing the sprawling residence in 2012 for $24.5 million.
Aluko,
46, apparently sold the residence in an off-market transaction using a
limited-liability company. An off-market sale in real estate refers to a
property that is sold without any form of public advertising. Aluko is being
investigated by Nigerian and European authorities for a series of
money-laundering and fraud-related crimes.
Source: LA Times
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