Skip to main content
Home The New Paper
  • Home
  • News
    • Singapore
    • World
    • Business
    • Views
    • Backstage
    • Others
  • Sports
    • Football
    • Singapore Football
    • Team Singapore
    • School Sports
    • Athletics
    • Basketball
    • Cricket
    • Swimming
    • Tennis
    • Golf
    • Racing
    • Others
  • Entertainment
    • Movies
    • Music
    • TV
    • Star Style
    • School of Frock
  • Lifestyle
    • Makan
    • Hed Chef
    • Weets Eats
    • Health
    • Tech
    • Travel
    • Fashion
    • Shopping
    • Biker Boy
    • Celeb Chow
    • Others
  • Racing
  • Your Tip-Offs
  • Read E-Paper
  • Contests
  • Coupon
  • Team

Popular

  • COURT & CRIME
  • Food & Drink
News

Customers paid Volks Auto at least $2.5m in deposits for cars

This article is more than 12 months old
Customers paid Volks Auto at least $2.5m in deposits for cars
RALLYING TOGETHER: Volks Auto customers who had paid deposits and not received their cars met up yesterday to compile their police reports and invoices.TNP PHOTO: GAVIN FOO
Customers paid Volks Auto at least $2.5m in deposits for cars

David Sun
Dec 18, 2014 06:00 am
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • E-mail this article
  • 0 Engagements

As more people come forward to claim that they had been cheated by Volks Auto, the total amount of deposits believed to have been paid to the car dealership has reached a staggering $2.5 million.

This was compiled from the invoices of 81 people who had booked cars from the dealership at Three Rifles Building on MacPherson Road.

Angry customers of Volks Auto, which has been shuttered since Saturday, gathered at a McDonald's restaurant in Kallang from 4pm yesterday, and compiled their police reports and invoices.

They told The New Paper that a white Bentley, valued at more than $500,000, had disappeared overnight. It had been the only car left in the showroom.

 

 

Redeem FairPrice CNY figurine and stand to win $1,088
Singapore

Redeem FairPrice CNY figurine and stand to win $1,088

Feb 01, 2021

Related Stories

Hougang not pulling punches against Albirex in SPL finale

Get shopping vouchers in SPH's Black Friday & Cyber Monday campaign

MMA stars to appear in ONE Championship’s Apprentice show as guests

Mr Deen Safarrudin, 39, the operations manager of Three Rifles Building, confirmed that a man had taken the Bentley away some time on Tuesday night. It is unclear who the man is.

Many of the customers are convinced that Mr Alvin Loo, the director of Volks Auto,is avoiding them after taking the money meant as deposits for their purchases.

The parallel importer, who started trading in April, claimed to import a variety of makes, including Mercedes, Porsche, Honda and Toyota.

DEPOSITS

Most customers said they paid deposits of $20,000 to $30,000, while one claimed, in a WhatsApp chat group of angry customers of Volks Auto, that he paid $100,000.

IT manager K.K. Lo, 53, the de facto organiser of the WhatsApp chat group, said that while he hoped to get back his deposit of $20,000, the odds were against him.His sentiment was shared by the others.

When asked about the purpose of the gathering, Mr Lo said: "We want to see how many people there are in total, get them to make police reports, then compile these reports and get the authorities to do something."

The customers had initially planned to sign a petition, but decided a compilation of police reports would be more effective.

Mr Lo said: "I believe that after this, I won't have to go and look for the authorities. They will come and look for us instead."

A police spokesman said investigations are still on and no further details could be released.

When TNP went to Mr Loo's registered address at 47 Jalan Melor, the corner unit turned out to be a rented house. It is understood the owner of the house is looking for him to pay up.

A neighbour said that two women from a furniture company showed up at the house yesterday, only to find that the furniture, which is believed to have been rented, was no longer there. The furniture is valued at about $10,000.

As the fiasco moves into its fourth day, Mr Loo remains elusive. When TNP called his mobile phone, it went to a foreign voicemail.

Mr Lo said some customers had received a message from Mr Loo that he was in Hong Kong and would be back to "settle everything" today, but they remain doubtful.

"If he has problems, he should at least explain to us. But I think he's long gone."

"We want to see how many people there are in total, get them to make police reports, then compile these reports and get the authorities to do something."

- Mr K. K. Lo, on the purpose of the gathering

Get The New Paper on your phone with the free TNP app. Download from the Apple App Store or Google Play Store now

SingaporeCarUncategorisedscamdepositscheatingMissing Person

David Sun

davidsun@sph.com.sg
Read articles by David Sun
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • E-mail this article
  • Newslink -  Purchase this article for republication

Top Stories this Month

Makansutra: Mad for this moist millennial char kway teow
Makan

Mad for this moist and marvellous char kway teow

Feb 25, 2021
MasterChef Singapore 2 finalists spill the beans
TV

MasterChef hopefuls spill the beans

Feb 25, 2021
Jaime Teo to be sentenced in March over Twelve Cupcakes wages
Singapore

Jaime Teo to be sentenced next month in Twelve Cupcakes case

Feb 26, 2021
Home
  • Contests
  • Coupon
  • Team
  • Home
  • News
    • Singapore
    • World
    • Business
    • Views
    • Backstage
    • Others
  • Sports
    • Football
    • Singapore Football
    • Team Singapore
    • School Sports
    • Athletics
    • Basketball
    • Cricket
    • Swimming
    • Tennis
    • Golf
    • Racing
    • Others
  • Entertainment
    • Movies
    • Music
    • TV
    • Star Style
    • School of Frock
  • Lifestyle
    • Makan
    • Hed Chef
    • Weets Eats
    • Health
    • Tech
    • Travel
    • Fashion
    • Shopping
    • Biker Boy
    • Celeb Chow
    • Others
  • Racing
  • Your Tip-Offs
  • Read E-Paper
  • Contact TNP
  • About SPH
  • Privacy Statement
  • Data Protection Policy
  • Member Terms & Conditions
  • Website Terms & Conditions
SPH Digital News Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn No. 198402868E