Loans for luxury cars under scrutiny
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Five finance companies have been told to be cautious about the loans they have granted to firms importing luxury cars due to suspicions of tax evasion, the Office of Public Sector Anti-Corruption Commission (PACC) said Tuesday.
The commission says that four or five importers have allegedly wrongly reported the age of the cars as being older so they can enjoy a lower import tariff.
Dussadee Arayawuth, PACC secretary-general, went on to say that many of these second-hand cars were then modified to look new, with their chassis and engine numbers forged, to command a higher price.
The companies are set to import 300 luxury cars and the PACC is working with finance companies to verify documents submitted by the importers to determine if they are all authentic.
The Nation
