A garage owner goes on trial today accused of embezzling more than CHF 17m.

The 47-year-old is accused of using several leasing contracts and illegally selling leased luxury cars, such as Ferraris and Lamborghinis. In all its thought more than 140 vehicles are involved. The police investigation has already taken six years.

The focus surrounds a garage in Dinitikon in canton Aargau.

The man is also charged with falsifying ownership papers.

The investigation has been so complex, the cantonal parliament approved a further CHF 3.5m to cover costs in 2012. The money was used to pay for more detectives.

The trial is expected to last 2 weeks. The man rejects the allegations.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

European airports welcomed 728m passengers in 2020, it is the lowest number since 1995

European airports were able to welcome 728 million passengers by 2020. This is a 70.4% dro…