37 year-old driver caught going close to 300 km/h (186 mph). The man speed past several photo-radar posts before being caught by police. He faces daily fines for up to 300 days that can tally up to £650,000/€789,568/$1,001,400.

Some countries fine speeders on the basis of income. Switzerland is one of them.

Last Friday, on the A12 highway between Bern and Lausanne in Switzerland, police caught a Swedish man in a Mercedes-Benz SLS AMG doing close to 300 km/h (186 mph).

"He needed over half a kilometer of road to come to a halt," according to Benoît Dumas, a local policeman, as quoted in the Guardian.

The man claimed the speedometer on the car was broken.

The speeding Mercedes ran past several photo-radars before being caught. Older radar models were not capable of clocking a car going over 200 km/h (124 mph). When he went past one with new technology, he was photographed and clocked at around 290 km/h (180 mph).

The technology allows for the data to be sent to the police immediately, who then dispatched a patrol car to pull over the speeding SLS.

The 37-year old driver was arrested and later released. He faces fines of up to £650,000/€789,568/$1,001,400. That would be the maximum of a total of 300 days of fines.

"We have no record of anyone being caught traveling faster in the country," a police spokesman is also quoted in the Guardian story.

Swiss authorities claim there is a myth in Scandinavia that all German-speaking countries, including Switzerland and Austria, have no speed limits on their autobahns, which isn't true, of course. In Germany, certain stretches of autobahn have no official limit, others do, but police can still fine you for reckless driving.

Gallery: $1 million speeding fine in Switzerland for Swedish SLS owner