Alert Auction
On 15th November Euro Auctions at Selby in West Yorkshire contacted TER requesting a due diligence check on the identity of a 33 tonne JCB excavator. An immediate match was made with an excavator which had been stolen between 30th July and 11th August 2005 from a demolition company in Berkshire. TER immediately contacted the insurer, which was also the titleholder following the payment of a theft claim, and the Thames Valley Police.
As the investigation progressed into where the excavator had been and who had had control of it between August and November, it became clear that it had been sold through a number of parties in quick succession and had allegedly even been to Cyprus and back, returning to the UK via Southampton Docks on 24th October. Following discussions between Euro Auctions, the insurer and the Thames Valley Police, the excavator was withdrawn from the sale and has now been sold by TER on behalf of the insurer.