BOC, DOF deliver to Treasury P205M proceeds from 2 luxury cars’ sale

MANILA, Philippines — Proceeds worth P205 million from the negotiated sale of two seized luxury cars were turned over by the Bureau of Customs (BOC) and Department of Finance (DOF) to the Bureau of Treasury on Wednesday.

The BOC conducted a negotiated sale last March 26 for two forfeited Bugatti Chiron units, which were seized ...