Gardaí discover luxury car fraud worth over €2m

Gardaí have discovered a multi-million euro fraud linked to the registration of luxury cars.Hundreds of these cars have been registered with lower engine capacities using false documentation to pay less tax and insurance.So far 18 BMWs have been seized, but gardaí have also identified fraudulently registered Range Rovers, Mercedes, Lexus, Volkswagens and Jaguars.

It amounts to an estimated fraud of more than €2 million.

Gardaí say the offence carries a maximum of up to five years in prison and are warning those who may have such cars to contact them.

The investigation began after gardaí from the traffic unit at Dublin Castle discovered that the tax discs on some three-litre luxury cars recorded their engine capacity as less than two litres.

The cars had been registered using false documentation and garage stamps. While less insurance was paid, the loss to Revenue averaged around €800, but was more than €1,000 per year in many cases.

Read the full story via Gardaí discover luxury car fraud worth over €2m – RTÉ News.