An investment banker has reportedly shipped in a much-desired Porsche similar to the one Fast & Furious star Paul Walker crashed in 2013. This investment banker tried to skirt through the ban on imports of used cars by bringing in the red 2004 Carrera GT through the balikbayan program where returning Filipinos have the privilege to bring at least one vehicle back home.
Customs officials got wind of the investment banker’s plan when they checked the balikbayan nominee and found out that he could not possibly afford the Carrera GT worth $900,000. Only 1,200 units of the Carrera GT were produced, of which less than half are in running condition because their owners have either crashed or totaled their vehicles.
The investment banker also tried to pass off the Carrera GT as a regular 911 model to scrimp on the duties and taxes but our Customs people have become alert to this scam.
There are fears the banker might pull a fast one and drive the Carrera GT out of the Custom’s warehouse especially with the turnover in administration. This should make people furious. Gil Cabacungan
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