ChinaWu Hainu, 31, was searched by Zhejiang police after renting nearly 1,000 luxury cars and then taking out mortgages of 100 million yuan across the country.

Wu, a woman living in Zhuji Town, Zhejiang Province, has been accused of renting cars everywhere in the province and localities in Jiangsu and Shanghai for the past three months, local media reported on Monday. twelfth.

Among the nearly 1,000 cars Wu hired were brands such as Ferrari, Rolls-Royce, McLaren, Bentley and Lamborghini. She then took them as collateral to borrow a total of 100 million yuan (14.3 million USD).

Wu is suspected of using a variety of fake documents, including identity cards, driver's licenses and car registrations, to rent and mortgage cars to borrow money from small, small-scale credit companies, individuals and groups. usury.

A man surnamed Li said he had rented two Porche cars worth 2.1 million yuan ($ 300,000) for 800 yuan a day in September. He said all fees were paid by Wu on time for Wu. until she disappeared.

"We agreed to pay every 5 days and everything is normal. But Wu stopped paying from mid-December and has not been able to contact since then," Li said.

Li used global positioning technology and discovered a Porche leased to Wu in Hangzhou, capital of Zhejiang, while the other was in Taizhou district, 230 km away. It is not clear whether he intends to recall these cars.

The owner of the Ferrari, also surnamed Li, said Wu claimed to be the wedding planner and rented his car on December 12 for 2,000 yuan a day. When Wu failed to pay on time, he tracked the location and discovered the car was being held at a suburban warehouse in Taizhou along with many other cars used to mortgage the loan.

He said at least 14 luxury cars were held there and he has not been able to recover the vehicle so far.

Other car owners said their cars were located in different provinces. Some are in remote places like Gansu, in northwestern China, while some have turned off GPS navigation and cannot know where they are parked.

The owners said they could recover the cars but some were being held because of Wu loans. A car owner said they worried cars could be auctioned off with big losses to make up for the loan.

Many are pledged at prices much lower than their resale value. For example, the Porsche 458 can sell for 1.8 million yuan on the market, but is mortgaged by Wu for 980,000 yuan.

A wedding company in Taizhou gave Wu a mortgage of 20 cars for 50 million yuan. Individuals who loan Wu money through an intermediary are at risk of losing money, including a man in his seventies, who lends nearly a million yuan.