Customs authorities found 87 high-end vehicles with allegedly questionable documents during a raid at a showroom in Pasig City last week.
The vehicles were estimated to be worth P600 million, the Bureau of Customs (BOC) said.
Armed with a letter of authority issued by Customs Commissioner Bien Rubio, Customs agents swooped down on a car dealer showroom in Barangay Ugong, Pasig City, on July 4 after they were tipped off that the establishment has been storing and/or openly dealing exotic and hyper cars without proper documentation.
The raiding team found 197 imported and locally sourced vehicles, including the 87 vehicles that lacked documents to prove payment of taxes and duties.
Among the vehicles were several units of Lexus, Mercedes Benz, Porsche Macan, Jaguar, GMC Savana, McLaren, Ferrari, Lamborghini, Audi and Land Rover, the BOC said in a statement.