(0218 CR M13)NEW CAR LICENCE SCAM CLAIMS

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(0218 CR M13)NEW CAR LICENCE SCAM CLAIMS DATELINE: Feb. 18, 2011 LENGTH: 00:00:59 Reports suggest would-be motorists are making use of a court loophole to dodge Beijing's strict new rules on new car license plates. ( According to online reports the scheme goes like this... A secondhand car buyer and its seller devise an imaginary debt that the vehicle's seller "owes" the buyer for which the car is "collateral". They go to court, which orders the "debtor", the car's seller, to hand over the car to the "lender", the car's buyer. Along with the transfer of the car's ownership comes its already registered license plate. The scheme is a response to strict limits adopted last December to ease traffic congestion. That new limits mean that only 240,000 new cars will legally be added to the roads this year in Beijing. A monthly lottery determines who gets the rights to register new vehicles. Following reports of this scam, courts have vowed to keep a closer eye on such cases. Powered by www.newslook.com Producer : Xinhua News Agency

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