240 cars of financial fraudster will be sold at auction

240 cars of financial fraudster will be sold at auction

April 23, 2020 0 By autotimesnews

The auction house RM Sotheby’s in October this year will organize a tender for the sale of the car collection of Najib Khan, the founder and CEO of Interlogic Outsourcing from Indiana, who made a fortune on tax fraud. The fraudster’s collection consisted of 240 rare cars.

Najib’s collection includes, for example, the Clement 12/16 HP of 1903, the 1917 Hudson Shaw Special, the 1969 Lamborghini Miura, the 1974 Citroen SM and the 1993 Jaguar XJ220. The collection, in particular, includes 30 bikes.

The freshest are the 6-year-old Mercedes-Benz SLS AMG, the 3-year-old Ferrari 488 Spider and the 2-year-old McLaren 720S. Among the non-standard cars of the collection are 3 NASCAR championship racing sedans and an Indian tuk-tuk.

Last year, the US government accused Najib of fraud. Some clients of his company became aware that the money that had been withdrawn from their accounts for tax payments was spent for other purposes. KeyBank alone missed $ 122 million. All funds that will be obtained from the sale of the fraudster’s collection will go to pay for debt obligations.