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Car auction fraudsters charged in Faro

renaultlagunaThe Public Prosecutor in  Faro has now charged 29 suspects with corruption, fraud and criminal association.

The defendants include a court official who is accused of slipping minimum price details to others for vehicles due to be auctioned off by the State so bids could be lodged at just over the lowest acceptable price, or just over any other bids.

Among the defendants are 11 businessmen, including three in the car trade, and "an accountant, a civil servant and a finance director."

"In addition to dozens of crimes of forgery and active corruption, one defendant has been charged with more than 150 crimes of passive corruption," states the indictment.

Also charged is a firm of consultants, an estate agency and a car sales company.

According to the indictment, 'three defendants, with special knowledge of the credit mechanisms for the purchase of cars, set up a fraudulent scheme to obtain high monetary rewards."

"They have, in some cases, used forged income documents and documents from third-party vehicles, that duped financial institutions to grant credit that later they could not recover," the Public Prosecutor added.

Some of the defendants will used "insider information on whether or not property purchase offers had been received in court and their amounts," allowing them 'to submit tenders just above the minimum, in the case of no other tenders, or a slightly higher amount, if there were any other bids."

The accused court official is alleged to have sold information and documents to third parties obtained through his privileged access to the court database.

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Comments  

0 #2 CHARLY 2017-03-07 10:13
Once again it is proven that absolutely NOTHING might work correctely in this country. A couple of years ago I tried to find out how to proceed for acquiring suc a car. Finanças told me I should better forget that (stupid) idea....
By the way do you remember SOCRATES during its rain wanted a BMW 7 series. His guys found the solution: Finanças simply "confiscated" such (a brand new) car from a German businessman and the leader had its new toy ! Such things can only happen in Portugal of course.
+2 #1 liveaboard 2017-03-07 08:10
I look at the financas auction website from time to time; I always considered any auction in the 'sealed bid' catagory as reserved for insiders.
Sealed bid auctions [or tenders] are notoriously corrupt, everywhere in the world.
Many financas car auctions have minimum information and no photos. Sometimes only the registration number. I presume these are the high end vehicles.
It's good to know some action is being taken. The situation seems to be improving but there's still much to be done.

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