Porsches, Corvettes, Mercedes crushed in Duterte graft warning - News Summed Up

Porsches, Corvettes, Mercedes crushed in Duterte graft warning


Bulldozers and backhoes pounded more than two dozen seized sports cars and luxury vehicles in the Philippines on Tuesday, including Porsches, Mercedes, Jaguars and Corvettes, in a dramatic demolition showcasing the no-nonsense leader’s crackdown on crime and corruption. President Rodrigo Duterte watched as the second-hand vehicles, some valued as high as $115,000, were reduced to piles of scrap in a little over three minutes. (Reuters)The Bureau of Customs seized $2.93 million worth of smuggled vehicles last year, part of the $866 million in seized goods, government data showed. Normally, seized smuggled vehicles are impounded and then auctioned with the government taking the proceeds. The government last year destroyed more than $2.5 million worth of cigarettes bearing fake tax stamps.


Source: Hindustan Times February 06, 2018 11:48 UTC



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