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Updated October 16, 2009 16:21:00



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More than 180 affluence cars are missing afterwards allegedly actuality baseborn beneath a $15 actor betray involving a arresting Sydney car dealer.

The Ferraris, Porches, BMWs and added cars accept been missing back 47-year-old Sid Khoury’s Croydon business, the European Car Specialist, burst in April.

Khoury is in aegis brief afterwards actuality arrested bygone and answerable with 24 artifice offences. A Sydney cloister has heard today that he has no money larboard to pay the hundreds of bags of dollars prosecutors appetite in bail.



His 32-year-old arch dealer, Najib Nheme, and 35-year-old accepted manager, Danny Bayeh, accept additionally been answerable with 18 artifice offences.

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Officers accept bedeviled a $650,000 Ferrari Scaglietti from a acreage at Greenacre but the added cars are still unaccounted for.

Police say they formed a bang force, McCar, back barter in Sydney, artery and across complained they had absent their cars afterwards the collapse of the Parramatta Road business.

“All the cartage from the lot had disappeared,” Acting Inspector Grant Watson said.

“They attempted to balance their cartage and were told by the apache that the cartage were no best at the car backyard …

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“The gentlemen complex had been accepting cartage through their car yards on consignment, onselling those cars to added individuals and declining to canyon on the gain of those cars.”

Inspector Watson says there will be added arrests over the scam.

The Motor Traders’ Association says the artifice has accent weaknesses in the NSW Fair Trading Department’s licencing arrangement for car dealers.

It says dealers can abstain checks on whether they accept a assurance accound, as continued as they acquaint the administration they do not advertise cars on consignment.

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Police are still attractive for the owners of some of the cars.

Khoury’s co-accused will face the cloister on November 10.

Topics: police, law-crime-and-justice, crime, croydon-2132, australia, nsw, sydney-2000

First acquaint October 16, 2009 09:19:00

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