DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group

[SINGAPORE] A group of 18 related automotive companies – including Autobahn Rent A Car and car-sharing service Shariot – may owe its creditors around S$38 million more than initially projected.

This is according to updated claims by the group’s creditors in court documents dated Dec 12.

According to an affidavit dated Nov 28 by Sanjay Kumar Rai, a director of Autobahn Rent A Car and representing the group, the group owes more than S$300 million to over 40 creditors.

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