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Global Driving

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Normally cars towed to the Transport For London (TfL) car pound are either scrapped or auctioned off if they're not claimed within a few weeks. But it's hard to do that to a Limited Edition Maserati Cambiocorsa (cost about US$150,000), so officials tried three months to find its owner.

He finally showed up when an article about the car appeared in a London Newspaper.

Turns out wealthy Parisian businessman Bertrand des Pallieres had been "too busy" to think about the car and the 39-year-old hedge fund manager had lost his personal assistant when he left his job with Deutsche Bank in April to start his own fund. The task of running the $300,000,000 fund left him running around the world with no time to think about the fate of his car.

However, des Pallieres had an excuse - the $50/day fee at the pound wasn’t too bad compared with parking fees in central London, he argued.

The busy businessman had accumulated about 65 congestion charge penalties and dozens of parking fines and had been driving without paying road tax, according to the London Evening Standard. His total fines were estimated at about US $10,000.

Related Links:

• London’s soaring parking costs
• Drivers.com on London's congestion charge

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