Porsche Pakistan denies fraud allegations
Top Story
February 12, 2021
ISLAMABAD: Porsche Pakistan, a franchise of the German automobile manufacturer, has denied fraud allegations made by a customer in Lahore, saying the claims were misleading and irresponsible , Geo News reported.
In a statement issued this week, Porsche Pakistan said the allegations of fraudulent car bookings were untrue and that its chief executive officer (CEO) does not owe any sum of money as claimed in the news reports. All payments were received by Performance Automotive Pvt Ltd. (Porsche Pakistan) against vehicle bookings under legal contracts on behalf of Porsche AG as their appointed representative, the statement read.
Porsche Pakistan accuses parent company of trying to bankrupt and discredit franchise
Pakistan
German luxury carmaker Porsche AG s franchise in Pakistan has accused its company of trying to bankrupt and discredit the appointed representative in a statement addressing the fraud allegations made by customers in Lahore.
Terming the claims as misleading and irresponsible , the car dealer in its statement issued this week alleged that Porsche AG illegally refused to supply vehicles to its consumers in the country for two years and that it was an attempt to bankrupt and discredit Porsche Pakistan . The eventual aim [was] to transfer the business to an influential and controversial business group with which a prearrangement was concluded by the regional office of Porsche AG (Porsche Middle East and Africa FZE), it claimed.