Why has Mumbai Police arrested car designer Dilip Chhabria of DC Design?
Team Udayavani, Dec 31, 2020, 11:15 AM IST
Recently, The Mumbai police arrested celebrity car designer and manufacturer Dilip Chhabria. Chhabria is famous for designing India’s first sports car DC Avanti as well as for his company DC Design a car modification studio.
Mumbai Police revealed that car designer Dilip Chhabria, Founder of DC Design, has been arrested in DC Avanti car financing and forgery scam of at least ₹40 crore. DC Avanti car scam is major car financing and forgery scam, masterminded by Dilip Chhabria
Police said Chhabria was selling multiple cars with the same engine and chassis numbers. He’s also accused of taking multiple loans on one car and then selling car to a third party.
As reported by India Today, the police said Chhabria bought cars designed by his own company on loans financed by NBFCs and then sold them to third party customers. This is called hypothecation. The crime branch suspects that Dilip Chhabria sold over 90 cars in such a hypothecation manner.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian Army Day: History and Significance
Twin brothers’ special gift to 70 years old wins wide appreciation
EXPLAINER: What’s next after House impeachment vote
B’luru woman quits cushy corporate job & creates success story with spice-mix
Meet William Burns, veteran diplomat nominated by Joe Biden as CIA chief
MUST WATCH
Mangaluru: SDPI organises ‘SP kacheri chalo’ rally; called off after meeting with ComPol
COVID-19 Vaccine distribution in DK district’s 6 centres from tomorrow: DC Rajendra
Cabinet expansion unhappiness: No need to stand on road and whine says Nalin Kateel
Karkala : Success story of self employed woman Radhika Nayak | Inspirational Stories| Udayavani
Tempo-lorry collide near Dharwad bypass; more than 10 dead | Udayavani
Latest Additions
This time too Aero India will be successful: Rajnath Singh at B’luru
Nepal approves AstraZeneca’s India-made COVID-19 vaccine for emergency use
Economy likely to contract up to 7.5% this fiscal, may See 9-11% growth in FY22: Arvind Virmani
Congress had promised similar farm laws, its leaders laugh at Rahul Gandhi’s remarks: Tomar
India, Japan ink pact to enhance cooperation in ICT