[SIZE=4]172 luxury vehicles missing from Subic[/SIZE]
By Reinir Padua (The Philippine Star) Updated September 19, 2011 12:00 AM

MANILA, Philippines - More than a hundred luxury vehicles are “missing” from the Subic Bay Freeport Zone, and the government could be losing billions of pesos from duties that should have been paid for their entry into the country.

The Land Transportation Office (LTO) is conducting an inventory of vehicles that are supposed to be confined within the zone but are apparently no longer in the area and cannot be accounted for.

Based on LTO records, there are at least 172 vehicles from Subic that have been issued warrants for seizure and detention (WSD) by the Subic Bay Metropolitan Authority (SBMA).

In an interview last week, LTO chief Virginia Torres said going after the vehicles would be tedious, with almost no records of how the vehicles were taken out of the zone and their current whereabouts.

Among the brands on the list provided by the LTO were Mercedes Benz, Chrysler, Land Rover, BMW, Volvo, Range Rover and Dodge Colt.....

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