Panama fails to sell former strongman Noriega's crumbling mansions at auction

Other News Materials 30 October 2008 22:58 (UTC +04:00)

No one wants to buy two crumbling mansions that once belonged to former strongman Manuel Noriega, the Associated Press reported.

Panama's government says it received no bidders for the two properties, valued at $6.1 million. It is unclear why no one registered to take part in Thursday's auction.

The failed auction was a surprise given that Panama is in the midst of a real estate boom.

The sale represented the first time Panama's government had received permission to put Noriega's homes on the auction block since he was ousted by the 1989 U.S.-led invasion.

Noriega's family has spent years trying to recover the homes.

Noriega was convicted of drug racketeering in a Miami federal court. He served his sentence and is fighting extradition to France.