Ex-Formula 1 star in custody: Luxury car dealer files for bankruptcy

München – The affair surrounding ex-Formula 1 star Adrian Sutil (42) is becoming increasingly widespread. After allegations of fraud and searches of several properties in Switzerland, Monaco and Sindelfingen, the German was taken into custody at the end of November. Now there was also bankruptcy.

Investigators confiscated 20 high-quality luxury cars during a raid, and Sutil has been in the Stammheim Correctional Facility (Baden-Württemberg) ever since.

It’s about luxury cars that are worth millions of euros

And now another company has reported it too insolvency with whom Sutil was in close contact, according to a newspaper report. Specifically, it is about DS Motor GmbH in Grünwald near Munich, as “Wirtschaftswoche” writes. The company focuses on purchasing luxury cars worth millions, including Porsche, Ferrari, Pagani and Koenigsegg.

Aim of the Business It was to resell the luxury vehicles with Sutil’s help after some time with an increase in value. Shortly before Christmas, the company filed for bankruptcy and a provisional insolvency administrator was appointed, as a spokesman for the Munich District Court explained in response to a BILD request.

According to the insolvency administrator, Sutil is a board member of the Liechtenstein-based AS Motoren AG, whose subsidiary is the insolvent DS Motoren GmbH. Is the bankruptcy related to Sutil’s imprisonment and the fraud allegations?

Investigations into community fraud

The fact is: the Stuttgart public prosecutor’s office is investigating Adrian Sutil for joint fraud and embezzlement in a particularly serious case. It is suspected that the luxury cars were given as collateral several times. According to his lawyer But Sutil denies the allegationshis client is cooperating with the investigating authorities.

It’s also about an old Mercedes owned by Elvis Presley

In the meantime Sutil is said to have been threatened by Russiansas he announced through his lawyer. A total of nine remained with him after the raid Autos worth 17 million euros, including Elvis Presley’s Mercedes 600, are said to have been taken from his property by previously unknown men under death threats.

To this day, these luxury cars have disappeared. According to Sutil’s lawyer, the vehicles include, in addition to the Elvis Mercedes, two Koenigseggs, a Rolls-Royce Phantom, a Ferrari California, a Lamborghini and several Porsches.