BOC, DOF Deliver to Treasury P205M Proceeds From 2 Luxury Cars' Sale

BOC: 2 POGO cars sold for P205 million

Two luxury vehicles owned by Philippine offshore gaming operators have been sold for P205 million, according to the Bureau of Customs.

Government earns P205 million from sale of 2024 smuggled ultraluxury Bugatti Chirons

A 2024 Rappler investigation found that the two cars had been imported and registered using questionable documents that severely undervalued the vehicles and exposed gaps in the Land Transportation Office's systems

BOC, DOF deliver to Treasury P205M proceeds from 2 luxury cars' sale

MANILA, Philippines — Proceeds worth P205 million from the negotiated sale of two seized luxury cars were turned over by the Bureau of Customs (BOC) and Department of Finance (DOF) to the Bureau of Treasury on Wednesday.  The BOC conducted a negotiated sale last March 26 for two forfeited Bugatti Chiron units, which were seized in February 2024 for lack of importation documents. Elite Garage Corporation emerged as the sole offeror and bought the…