17/04/2026
Maybe they didn't engage an accountant. mckeen.sg
They named their company Autobahn — the German highway famous for having no speed limits.
Turns out, they also had no limits.
On debt!
Roy Tan and Sanjay Kumar Rai built a PHC empire on ~1,700 cars, more than S$300 million in borrowings, and what Ah Gong can only describe as elite-level optimism — the kind where you bid $100,000+ COE, rent to drivers PHV, and hope it work out.
[It did not behave.]
Between the two of them, they owe DBS alone over S$100 million. Plus alot of cars sitting idle!
And when the banks came knocking… things allegedly took a very creative turn — with receipts that didn’t quite pass the authenticity test.
Bail was set at $500,000 for one, $300,000 for the other.
💬 Kopi Thought:
In Singapore’s COE + debt system…
Are we:
🅐 Encouraging smart risk-taking
🅑 Or quietly rewarding leverage… until it explodes
Discuss properly ah — don’t turn this into Fast & Furious: Comment Section Drift.