Court imposes freezing order on Autobahn group companies, directors amid allegations of fraud and bad faith
Car distributors contend that forged documents were used to double finance car loans; almost 300 cars meant for repossession cannot be located
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[SINGAPORE] Two directors and five companies of the Autobahn Rent A Car group (Autobahn) were served a freezing order by Singapore’s High Court on Jan 9, as creditors allege fraud and the failure to disclose the location of vehicles under loans.
Directors Tan Boon Kee – also known as Roy Tan – and Sanjay Kumar Rai are subject to the injunction up to a limit of S$101.9 million each.
The five companies under the injunction are Autobahn Rent A Car, AhTan Car Repairs, Hamilton Autobahn, Hamilton Autohub and Hamilton Capital, each subject to varying limits of up to S$54.5 million.
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