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Strengthening Anti-Fraud Efforts through Interagency Collaboration Porsche Sports Sedan Auctioned for NT$3.31 Million, 10% Above Market Value

  • Publication Date :
  • Last updated:2024-07-12
  • View count:75

To support the Ministry of Justice's efforts in combating fraud, and to promptly liquidate seized assets, the Taichung Branch of the Administrative Enforcement Agency, under the Ministry of Justice, was commissioned by the Taichung District Prosecutors Office to hold an additional auction on Wednesday, July 10, 2024. The auction featured a white Porsche Panamera 4 Sport Turismo, a five-door luxury sports car, which had been seized as part of investigations into fraud and money laundering cases. The event attracted interested bidders from across the country. After intense bidding, the car was finally sold to a local resident from Taichung for 3.31 million NTD. The successful bidder expressed great satisfaction, declaring the effort worthwhile.

This auction marks the 12th collaboration between the Taichung Branch of the Administrative Enforcement Agency and the Taichung District Prosecutors Office to auction off seized vehicles involved in ongoing investigations. These auctions aim to deter and combat fraud by promptly liquidating high-value luxury cars and goods purchased with illicit funds. To date, including the 3.31 million NTD from the sale of the Porsche today, the Taichung Branch has successfully liquidated assets totaling over 20.29 million NTD.

On the same day, the Chief Prosecutor of the Taichung District Prosecutors Office, along with 35 trainees from the 64th session of the Judicial Officers Training Institute and the 26th session of the Prosecutors Training Program, observed the auction at the Taichung Branch. This visit facilitated an exchange on the procedures and responsibilities involved in auctioning seized items under the Prosecutors Office’s commission. All parties are committed to fulfilling their roles in the fight against fraud.

As the lead agency in the national task force against fraud, the Ministry of Justice is dedicated to demonstrating the government’s firm resolve in severely punishing fraud crimes. The Administrative Enforcement Agency has directed its branches to fully support local prosecutors’ offices in the liquidation of assets seized from fraud cases. Through these efforts, the government aims to enhance the protection of victims, ensuring the safety of citizens’ lives, bodies, and property.

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