SINGAPORE - The owner of a car parallel importer which allegedly took deposits from customers but never produced their vehicles is not in the country.
Police confirmed that Volks Auto owner Alvin Loo, 36, left Singapore in early December, well before customers discovered his business was closed on Dec 13 and made the first police report.
On Tuesday, the police met about 60 alleged victims to update them on investigations and field questions, said Mr K.K. Lo, an IT system integrator who leads a chat group of Volks' customers.
Altogether, the 108 claim to have paid about $3.6 million to the company in deposits for cars that were never delivered. Mr Lo estimates the number is about 90 per cent of Volks Auto's customers, as some have gone to the police without making contact with the group.
Mr Lo said they were told the case had been classified as cheating and the prime suspect, Mr Loo, left Singapore in early December.
He said they were also told that all of Volks' employees had been investigated and that the police had "mobilised all possible resources to track down the suspect".
Mr Lo said the victims had been asked not to divulge further details as investigations are ongoing but noted he was satisfied with the update.