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  • Buyers claim car dealer took more than $3m in deposits

    19 Dec 2014

    |

    4,021 views

    Close to 100 people have come forward to claim that they were cheated by car dealer Volks Auto, which now involves a sum amounting to more than $3 million.


    More 'victims' have surfaced after news on parallel importer Volks Auto surfaced earlier this week. As of 4:00pm yesterday, a total of 97 people have come forward to claim that they were cheated by the car dealership.

    A sum of more than $3 million was paid. On average, the buyers have paid deposits of $20,000 to $30,000 to the dealer.

    36-year old Volks Auto owner Alvin Loo has gone missing and the dealership has been closed since last Saturday, when the first group of buyers made their police report.

    Customers told The Straits Times that Loo's phone had an overseas ringtone when they called him last Thursday, and the unanswered calls led to voicemail messages from Hong Kong and later China. Calls to his mobile number yesterday could not be connected.
    24.4k

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    • Home
    • Car Articles
    • news
    • news Listings
    • Other News

    Buyers claim car dealer took more than $3m in deposits

    19 Dec 2014

    |

    4,021 views

    Close to 100 people have come forward to claim that they were cheated by car dealer Volks Auto, which now involves a sum amounting to more than $3 million.


    More 'victims' have surfaced after news on parallel importer Volks Auto surfaced earlier this week. As of 4:00pm yesterday, a total of 97 people have come forward to claim that they were cheated by the car dealership.

    A sum of more than $3 million was paid. On average, the buyers have paid deposits of $20,000 to $30,000 to the dealer.

    36-year old Volks Auto owner Alvin Loo has gone missing and the dealership has been closed since last Saturday, when the first group of buyers made their police report.

    Customers told The Straits Times that Loo's phone had an overseas ringtone when they called him last Thursday, and the unanswered calls led to voicemail messages from Hong Kong and later China. Calls to his mobile number yesterday could not be connected.
    24.4k

    Tags

    car buying car dealership car dealer volks auto parallel import grey import

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