False profit banned in WA

Eastern Reporter Bayswater & Bassendean - - NEWS -

A LUX­URY car seller has been per­ma­nently banned from hold­ing a WA deal­ers’ li­cence af­ter de­ceiv­ing clients and leav­ing them al­most $1 mil­lion out of pocket.

Lux­u­ride Pty Ltd in West Perth and its di­rec­tor Ni­co­las Ngo were charged with breach­ing the Mo­tor Ve­hi­cles Deal­ers Act and ow­ing their clients nearly $1 mil­lion two years ago. Mr Ngo is be­lieved to be liv­ing over­seas since the Lux­u­ride deal­er­ship closed down in April 2018.

About 15 car own­ers who signed con­sign­ment con­tracts with Lux­u­ride have re­ported to be $960,000 out of pocket.

Lux­u­ride and Mr Ngo were per­ma­nently banned by the State Ad­min­is­tra­tive Tri­bunal from ever hold­ing a mo­tor ve­hi­cle deal­ers’ li­cence in WA on Jan­uary 29.

The SAT found Lux­u­ride and Mr Ngo made false or mis­lead­ing rep­re­sen­ta­tions to own­ers about the true sale price of their ve­hi­cles, for a higher profit.

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