The 1922 Rolls-Royce Silver Ghost found in a container at
Port Otago last year. Photo supplied.
A Rolls-Royce found stashed in a container and linked to
convicted fraudster Michael Swann is set to go under the
The 1922 Rolls-Royce Silver Ghost was discovered following an
attempt to remove a container at Port Otago's Dunedin
container yard last year.
This week the Ministry of Business, Innovation and Employment
confirmed the vehicle would be auctioned; however, the date
and place of the auction were yet to be confirmed.
The vehicle, along with a KTM dirt bike and $92,475.42 were
''now available to pay towards the pecuniary penalty order
previously made by the court'', a spokeswoman said.
Proceeds from the sale of the vehicles would go towards the
current balance of funds of $3,314,379.01.
Mr Swann remains subject to a $6 million pecuniary order,
which effectively means any property recovered up to that
amount can be used to satisfy the order made under the
Proceeds of Crime Act.
In 2004, Mr Swann paid $160,000 to a Christchurch man for the
vehicle, which had never been warranted or registered in New
Mr Swann told detectives investigating the discovery of the
vehicle, ''What happened, it happened while I was inside, and
it wasn't anything to do with me''.
A police spokeswoman said: ''Police were able to retrieve
these vehicles as a direct result of information we received
from members of the public''.
''We're very grateful for this assistance and we'll continue
to be proactive in pursuing any new information that comes to
hand that might assist us in this matter.''