Police arrested Dilip Chhabria for running Rs 100 crores interstate car racket
On Monday, Indian’s leading car designer Dilip Chhabria got arrested. Police found out that Dilip Chhabria was having an interstate car financing and forgery scam of worth Rs. 100 crore. On Tuesday, Esplanade metropolitan magistrate decided to keep him in police custody till 2nd Jan 2021.
Police claimed that Dilip Chhabria Designs Ltd. (DCDPL) has manufactured 127 Avanti cars in the past three years. They sold them in India and abroad by doing multiple registrations in different states. Out of those 127 cars, 90 cars were used for fraudulent financing by taking loans from non – banking financial companies (NBFCs).
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Police arrested Dilip Chhabria for running Rs 100 crores interstate car racket

Assistant police inspector Sachin Waze said that Chhabria accused using DCDPL, threatened as a customer of Avanti Cars and took multiple loans on each car from various NBFCs. The average amount of loan was Rs. 42 lakh per car. Then before selling it to a third party he registered the cars in different states. Even many of the loans were declared NPAs (Non-Performing Asset) by the NBFCs.
After investigating police found out that Chhabria had hypothecated 41 cars with the BMW India Financing Services and out of those cars, 16 cars were never registered with any RTO.