A classic car connected to convicted fraudster Michael Swann
has been found abandoned in a Christchurch street.
The red E-Type Jaguar was recovered from an undisclosed
street by police last month.
Detective Senior Sergeant John Ferguson, of Dunedin,
confirmed police had previously been looking for the vehicle.
Police were not in a position to comment further on the car
as a case was before the court. However, a previous list of
Mr Swann's assets subject to court confiscation orders
includes a 1974 V12 E-Type Jaguar.
Another E-Type Jaguar had earlier been confiscated and sold
''We're now preparing an application to put before the court
to have the vehicle confiscated pursuant to the previously
granted pecuniary order,'' Det Snr Sgt Ferguson said.
Mr Swann remains subject to a $6 million pecuniary order,
which effectively means any property recovered up to that
amount could be used to satisfy the order made under the
Proceeds of Crime Act.
Mr Swann, who lives and works in Christchurch as part of his
release conditions, could not be reached for comment
Det Snr Sgt Ferguson said police would continue to act on any
good information relevant to Mr Swann.
He praised the ''tenacity'' of a detective working on the
long-running case which, combined with a tip-off from the
public, resulted in the car being recovered.
Last year, police recovered a 1922 Rolls-Royce Silver Ghost
linked to Mr Swann which was found stashed in a container at
Port Otago's Dunedin container yard.
A Ministry of Business, Innovation and Employment spokeswoman
confirmed the Official Assignee has $3,334,010.59 held in
trust as a result of the sale of Mr Swann's assets.
In relation to the 1922 Rolls Royce, the Official Assignee
was conducting investigations into the manufacture, ownership
and use of the vehicle, so it could be properly valued.
It was bought for $160,000 in 2004. An auction date for the
vehicle was yet to be set.
The recovered E-Type Jaguar would be sold by Turners Auctions
in Auckland in ''due course''.
Mr Swann spent four years and eight months in jail for his
part in defrauding the former Otago District Health Board of