MALTA: SALE OF A FERRARI BY THE CRIMINAL ASSET RECOVERY BUREAU (ARB) COULD TURN INTO A COSTLY MISTAKE

The Times of Malta on 21st October reported that the sale of a high-end Ferrari earlier this year by the State’s criminal Asset Recovery Bureau (ARB) could turn into a costly mistake, after the original owner claimed the Attorney General had no right to confiscate and auction off his supercar.  Italian national Davide Sapienza is also holding the Attorney General liable for letting his Ferrari 360 Modena slip away for a fraction of its actual value – it being sold by the ARB for €36,605 in August.  Sapienza was sentenced to 3 years imprisonment by a Rome court, after originally being arrested in Malta in 2013 on drug trafficking charges.

https://timesofmalta.com/articles/view/you-had-no-right-to-sell-my-ferrari.743379

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s