Dilip Chhabria arrested for DC Avanti sales scam

    Published On Dec 29, 2020 05:40:00 PM

    266284 Views

    img

    Mumbai Police say the accused has orchestrated a forgery scam with his Avanti sports car and say it is to the tune of Rs 40 crore.

    Dilip Chhabria, the founder of India's renowned car modification studioDC Design, has been arrested by the Mumbai Police. The Mumbai Crime Branch, which had charged Chhabria under Section 420 (cheating and forgery) of the Indian Penal Code yesterday, has now revealed new details about the case.

    A report from India Today says that theDC Avanticar scam is said to be at least to the tune of Rs 40 crore. The police say that Chhabria was illegally selling multiple units of the DC Avanti sports car with the same engine and chassis numbers. This could be a way to avoid taxation, as some radio taxi operators have done in the past.

    In addition, the police accuse Chhabria of buying cars designed by his own company through loans (presumably at an attractive rate) from Non-Banking Financial Companies (NBFCs), before selling them on to customers – they suspect over 90 cars were sold in this manner.

    He is also accused of taking a number of loans on one hypothecated car and then selling that car to a third party.

    Stay tuned for more on this developing story.

    SOURCE

    Also see:

    Mahindra Marazzo byDCDesign: A close look

    DCAvanti review, test drive

    IMAGE SOURCE

    What do you think about this News
    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now
    Poll of the month

    What do you think of Ford's new CBU only India plan?

    CBU imports will be too expensive for most

     

    75%

    Finally! Some 'proper' all-American Fords

     

    25%

    Total Votes : 856
    Sign up for our newsletter

    Get all the latest updates from the automobile universe