The office of one local car rental company is now effectively closed, after Globe Finance, Simpson Finance and at least one other automobile financing entity swooped down on its operations over the past week, taking posession of its more than 100 vehicles.
The move has left Executive Rentals Incorporated without a single car to offer for rent and is also attracting the attention of the Fraud Department of the Royal Barbados Police Force, although up to today no formal investigation had been launched into the company’s operations.
In a brief telephone conversation this afternoon, owner Rodney Wilkinson told Barbados TODAY he was not interested in discussing the issue in the press.
However, when a team from this newspaper visited the company’s Worthing office earlier in the day, one female office worker informed that the operations were now closed indefinitely.
The entrance to the car lot was also padlocked, with not a rental car in sight.
A police officer was also seen arriving on the compound. But after speaking briefly with a female worker at the door, the officer made his way around the side of the building before entering the office.
Our team also visited the nearby Globe Finance building on Hastings, Christ Church where a number of the vehicles – with the rental company’s name clearly identifiable – were parked in a full car lot.
Sources there also confirmed to Barbados TODAY that Globe Finance had confiscated more than 50 vehicles from Executive Rentals, which included RAV 4, Mercedes Benz and Lexus brands. The sources also said the rental company was being subjected to heighted internal scrutiny but declined to say more since the matter was being treated “hush, hush”.
Police officers were however seen visiting the office of Globe Finance this afternoon.
When asked if they were probing the matter, a senior officer in the Fraud Squad said while they had not yet received any formal report, they were told “something”.
“We are waiting on them,” he added.
Sources at Simpson Finance also informed Barbados TODAY that another 50 vehicles were seized from Executive Rentals between last week and this week, and were now impounded at its Warrens location. However they did not wish to go into details about the reason.
Efforts were also made to reach officials at Nassco for comment but these were unsuccessful.
However, it is understood that at least two of the financing institutions with investments in Executive Rentals were already in the process of reselling repossessed vehicles to recoup their monies which this paper has been told could run in excess of a million dollars.