The seizure was said to have taken place on the Romanian-Hungarian border post of Nagylak. The man was arrested and is now reportedly being questioned by the Romanian and Hungarian authorities.

Police confirmed that Swiss authorities had been looking for a Ferrari Scuderia Spider 16M (see picture – allegedly only less than 500 of these were custom made for order) since September 23, 2010. The stolen car has a black market value of some EUR 500,000, sources said.

By Tamas S. Kiss, published on XpatLoop.com with the permission of BudapestReport.com