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Chinese Jaguar driver dies for sake of scam that would have made him US$15,000

Businessman hatched plot to drive car into river and blame female friend after discovering insurance was worth more than resale value

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The man died trying to recover the special equipment he used to steer the car into the river. Photo: sina.com.cn
Mandy Zuoin Shanghai

A businessman in eastern China drowned while trying to fake a car accident to get a payout from an insurance company, state media has reported.

The 39-year-old man, identified by his surname Li, devised the scam after realising that he would make more money writing off the Jaguar, which he bought five years ago, than he would from selling it,

Thepaper.cn reported on Saturday.

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The car was insured for 500,000 yuan (US$75,000) but its market value was 400,000 yuan, so he decided to crash the car into a river to claim the higher amount.

Using equipment that allowed him to control the car automatically from his mobile phone, he was able to steer the vehicle into a river in Wenling, Zhejiang province, on November 18.

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