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[Dagabond]

Thailand gov't delivers crushing blow to Ferrari

by Chris Shunk on Sep 30th 2007 at 2:03PM

Thailand crushes a ferrari 456GTIn Thailand, exotic car theft is a pretty common occurrence, and thieves are pretty sophisticated about it, too. First, they make off with the vehicle's important components. Then, after the police seize what's left, the criminals purchase it at auction at about 15% of its value. This is "car laundering," and local officials have caught on to the ruse. Now, rather than auction cars off to the people who stole them to begin with, the government will simply crush what's left behind. Here's an example.

In June, Thai officials seized a Ferrari 456GT that was stripped of its ABS brakes, transmission, wiring systems, and exhaust. In proper condition, the car would be valued somewhere between 30 and 40 million Baht. In its stripped state, it likely would have brought under Bt 5 million at auction. If the original thieves were to re-acquire the car at that low price, and then restore it to working order with its own stolen parts, it could be sold at a tidy profit. So the government decided to make an example of the GT and sell it off as scrap. Enter one heavy excavator, exit one Ferrari 2+2.

It's a shame, really, but Thai authorities are serious about efforts to dissuade car laundering. At the very least, thieves won't be flipping this one for a quick buck...er...Baht.

http://www.autoblog.com/2007/09/30/thailan...blow-to-ferrari

[Dagabond]

[SCRIBR]

I love the 'safety' rail... <1m from the excavator balanced on a car

[R-SPEC]

...a Ferrari 456GT that was stripped of its ABS brakes, transmission, wiring systems, and exhaust...

I see a quad exhaust tips... And can someone please tell me how you get brakes off a car without removing the wheels? I'd REALLY love to know

[Kimberley Scott]

NYT-SKY Ever heard of PC, Dags is setting you up for a fall mate, Senna T should set you strait as well, best of luck.

SCotty

[Dagabond]

No I'm not...I was using it in reference to the original term ......Politically Correct...

[Kimberley Scott]

I was referring to this post.

Scotty

[Dagabond]

Oh right.... that one ...yes... your right...I was also sitting on the grassy knoll, my office is in the left wing of Building 31 Area 51 and my real names Elvis...

[Dagabond]

[Dagabond]