Udayavni Special

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

This time too Aero India will be successful: Rajnath Singh at B’luru

Will not belie people’s expectations says MLA Angara

Govt-farmer meeting ends; Next round on Jan 19

RAF’s 97 Bn HQ’s stone laying at Shivamogga dist on Jan 16

Famous Bengaluru biker dies after crashing into camel in Jaisalmer

Mohammed Siraj abused by Gabba crowd, called ‘grub’: Report

PM doesn’t respect farmers, wants to tire out those protesting against agri laws: Rahul

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


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

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.