Receivers probe sale of cars from failed dealer Vehicle Direct at ex-boss’s other lot

Receivers probe sale of cars from failed dealer Vehicle Direct at ex-boss’s other lot
Amit Sood denies any of the cars on his Motor Direct lot were owned by his previous employer, Vehicle Direct. (Image: BusinessDesk)
Gregor Thompson
Receivers for Westpac are investigating whether a car yard boss is selling vehicles the bank has a claim over from a related but different outlet, which is not in liquidation.  Amit Sood, the former CEO of Vehicle Direct, which is now in receivership and voluntary liquidation, is also the sole director of Motor Direct, an operational car yard in South Auckland. McGrath Nicol insolvency practitioner Andrew Grenfell said on Tuesday that he was “aware of and investigating” vehicles that were owned by Vehicle Direct and a...

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