The AP list has been unveiled but we are still in the dark in relation to the original context of how the AP Saga came to be. It all started when Proton accused these AP holders of importing cars and declaring prices way way below the market value.
So now we have the list, how exactly did they cheat with the value of the cars?
An anonymous sourced associated with a foreign car manufacturer tells the story.
This is how it is done: The importer will send a purchase order for, say, 20 cars, to the exporter or foreign car manufacturer and will include payment for a sum equivalent to only half the price of the cars concerned.
Once the cars are ready to be shipped out, he then makes the balance of the payment.
The source said the exporter would then invoice the importer and the paperwork for Customs declaration would be based on the second payment. In other words, payment is split.
“This means that the so-called selling price to be declared to the Customs would be based on only half of the actual price of the cars,” she said.
The invoice used for the Customs declaration would also include fictitious payments purported to have been made by the importer running to several thousands of ringgit per car as the manufacturer is supposed to send personnel to Malaysia to oversee the technical aspects of the after-sales service of the vehicles, the source said.
“Government taxes will thus be based on the discounted price and not on the actual value of the cars and hence the government gets shortchanged through such under-declaration,” she explained.
Read the full story here.