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Drug lordís Ferrari turned into a police car

By FaezClutchless on 12 Dec 2011

Attached Image: drug_lord_ferrari.jpg

What would you do if you have a Ferrari in your possession and when you want to sell it, nobody wants to buy? One of the things you could do is to turn it into a show car and that is what the Colombian national police force has done. Apparently nobody wanted to buy or dared to buy it because the previous owner used to be a drug kingpin.

Attached Image: drug_lord_ferrari_2.jpg

The Ferrari 348 TS used to belong to a dangerous Colombian drug lord named Luis Hernando Gomez Bustamante. When he was captured in 2004, the Colombian police seized his money and other properties which consist of 68 farms, 24 offices and 17 parking lots. All those items are worth over US$100 million. One of the items seized was a Ferrari 348 TS you see in the picture above.

Luis Hernando Gomez Bustamante was extradited to the United States in 2007 on charges of money laundering, drug smuggling and many more. The Ferrari 348 TS was seized by the Colombianís National Drug Office (DNE) and they are in charge for all matters regarding Bustamanteís seized assets.

The DNE department has tried selling the Ferrari off but no one made an offer for it. At the same time, the DNE department was shut down in September due to some seized assets mysteriously went missing without any explanation. The 300bhp V8 Ferrari 348 TS (with only 12,000 miles driven) was valued at US$250,000 by Colombian authorities which was a far cry from the marketís value. But the DNE believes that there are some reasons, other than the price, why nobody wants to buy it.

The DNEís last director, Juan Carlos Restrepo, believes that the main reasons the department couldnít sell the Ferrari is because that potential buyers feared that Bustamanteís family might come looking for it. And also, the department feared that if it fetched a low price at an auction, the department could be accused of selling the State short.

In the end, the national police force decided to turn it into a police car. The 348 TS was painted in green and white, the Colombian police forceís national colours. They plan to display the car at auto shows and tour the country in it, before showcasing it at the national policeís museum.

Photo credit: GT Spirit

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FaezClutchless
Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.



 
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