Why did Sachin sell Ferrari?
The Ferrari 360 Modena was gifted to the cricketing legend back in the year 2002. It soon got embroiled in a controversy with the Government attempting to exempt him from paying up the INR 1. Fiat ultimately paid up the amount. When Sachin got his Ferrari as a ‘gift’, he wanted duty & excise exemption; now that he has sold it will he ask for capital gains exemption? Tushar Gandhi, great-greatgrandson of Mahatma Gandhi, on social networking site Twitter. Tendulkar acquired the Ferrari 360 Modena in controversial circumstances in 2002.Surat: The ‘360 Modena Ferrari’, which once occupied a pride of place in batting icon Sachin Tendulkar’s fleet of premium cars, is now a prized possession of a city businessman. Jayesh Desai, Chairman of Raj Hans group, said he purchased the car a fortnight ago.
Why can Justin Bieber not buy a Ferrari?
However, some people are allegedly banned from buying a ferrari even if they have the funds. One of the most common reasons is that they modify the cars without the manufacturer’s consent. Justin purchased a ferrari 458 italia f1 edition. He upset the manufacturer when he got it modified without the brand’s permission. Among those banned are: kim kardashian – reportedly due to controversies around gifting and ownership disputes. Justin bieber – after repainting and heavily modifying his ferrari 458, something ferrari discourages. Tyga – linked to unpaid leasing issues.