Bengaluru: Man held for renting, mortgaging cars; 12 cars worth ₹1.2 crore seized
In Bengaluru, a man has been apprehended for allegedly duping individuals by renting out cars and mortgaging them to third parties. The Hulimavu police have seized 12 vehicles worth ₹1.20 crore as part of their investigation. The accused approached a resident of Vijay Bank Layout, claiming to operate an old-age home and needing vehicles to transport elderly residents to hospitals and other places.
Trusting his claims, the complainant and others handed over their cars for rent. However, the accused pledged the vehicles to others, collecting substantial sums of money. The police, after an investigation, arrested the accused on October 2 and produced him in court on October 3. During the course of the investigation, it was revealed that he had pledged the vehicles at various locations between October 3 and 8.
The seized cars, valued at ₹1.20 crore, were recovered and brought to the police station. The accused was then remanded in judicial custody on October 8.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
