4 Bugatti Veyron supercars linked to Malaysia’s 1MDB scandal seized in Germany

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

The special-edition cars are each worth about US$3 million (S$4.09 million).

PETALING JAYA - Four special-edition Bugatti Veyron supercars, said to be linked to the 1Malaysia Development Berhad scandal, were reportedly seized by German police in Munich earlier this week.

The supercars were seized from a private storage facility, German newspaper Bild reported on April 25. The cars are the Rembrandt, Black Bess, Jean-Pierre Wimille and Meo Constantini versions from the Italian automobile manufacturer’s Les Legendes de Bugatti series, each worth about US$3 million .“They were tracked down and seized by the Criminal Investigation Department 7, which specialises in white-collar crimes,” reported Bild, adding that it learnt from “judicial circles” that the cars are linked to the 1MDB scandal in Malaysia.

PetroSaudi chief executive Tarek Obaid and Patrick Mahony, a director at the Saudi oil exploration and production company, have been on trial in Switzerland’s Federal Criminal Court in April. They are accused of embezzling US$1.8 billion from 1MDB. It is not clear whether the cars belonged to them. THE STAR/ASIA NEWS NETWORK

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CAR

Car Car Latest News, Car Car Headlines