Equipment from fugitive businessman Tony Duggan's million dollar indebted construction company, Precision Engineering, went on sale yesterday while today is the closing date for offers.

An advertisement appearing in The Royal Gazette last week said that Receiver David Goodwin of Cox Hallet and Wilkinson would be accepting offers for everything from excavators, bobcats and heavy trucks to pine flooring, ceiling tile and insulation.

However, at Mr. Duggan's warehouse at Southside yesterday, many of the items listed in the paper were nowhere to be seen and The Royal Gazette understands that many of the more valuable items were transferred to a separate company before he left the Island.

A heavy truck, trailer, bobcats, a light van, and several other items were not at the warehouse, and no list was provided to potential purchasers of the seized assets.

An excavator, hammer, and an intermediate truck were left at the warehouse, along with woodworking equipment and miscellaneous equipment that was intermixed with Mr. Duggan's personal assets such as windsurfers and snowboards.

Mr. Duggan fled the Island last month after two of his companies, Precision Engineering and Office Supplies went into receivership with debts in excess of $1 million.

It is understood that Mr. Duggan failed to pay Government social insurance and pension money for his 23 staff since January, and his principal creditor, the Bank of Bermuda, issued a writ allowing them to seize the businessman's personal assets including his 70 foot catamaran Assegai.

However, a report in yesterday's Royal Gazette said that Mr. Duggan transferred ownership of his boat and moorings into a trust company, Bass Line International shortly before fleeing the Island in early July.