The incredible and supposed fraud in millions of Porsche in Pakistan
In Pakistan, the official Porsche importer for this small market has collected millions of euros in deposits and orders ... without ever delivering auto. If the financial loss is not huge ...
29/10/2022
In Pakistan, the official Porsche importer for this small market has collected millions of euros in deposits and orders...without ever delivering car.
If the financial damage is not huge for Porsche, the damage in terms of image is probably greater.Here is a fairly incredible story on the tiny Pakistan market, which could be the subject of a small novel.A drop of water for Porsche, but a drop that could have an impact on the parent company.
Indeed, the official Porsche importer for Pakistan, PAL (Performance Automotive Limited), is the only link between customers and vehicle orders in Germany for Pakistan.Problem: PAL boss would have fled with the prize pool in Dubai according to the Pakistani media.Pakistanday explains that, for fear of being caught by Interpol, he finally fled...in London.
PAL would have collected deposit checks and order validations for 911, Panamera or Taycan for 2 years, for an amount of 4.5 million euros.Abuzar Bokhari, the number one in PAL, would then have spun with the loot.The beginnings of the case are relatively recent since it is a Pakistani customer from Porsche, founder of an English connectivity company that would have ordered a Taycan in Lahore.Taycan he never received.
For his part, the boss of Pal gave his version of the facts in a letter, accusing Porsche: "From our point of view, Porsche has not delivered vehicles to Pakistan for more than two years," he saidin a letter of which our German auto colleagues have had access, and which here is a summary.
PAL claims in the letter to be in conflict since 2020 against Porsche who would refuse to deliver cars to Pakistan.More specifically, PAL accuses the Porsche distribution platform for the Middle East and Pakistan of having sealed an agreement with a company seeking to take distribution rights in Pakistan.And therefore to sabotage pal.
"The final goal (of this blockage) is to transfer the business to a controversial and influential company that has sealed a pre-arrangement with the Porsche AG regional office (Porsche Middle East and Africa Fze)".
In the meantime, the situation is blocked: PAL wants to legally keep the money from orders, and cars are apparently not delivered to be delivered.