New Delhi: Delhi Wing’s economic violation has arrested a car dealer on charges of Dupming HDFC Bank and BMW Financial Services by utilizing cash and credit facilities worth RS 29 Crore.
The police said that the defendant Vikas Chawla should deposit the results of the sale of vehicles with the bank, but misused money.
The suspect’s wife was also being investigated.
Chawla was previously captured in the UPPCL-PF scam that was investigated by the CBI.
“In complaints, HDFC Bank reported that the defendant, through its company M / S Autoweb Car Pvt Ltd, has taken RS 15 Crore credit facilities for vehicle purchases) and cash credit limits for purchasing RS 1.5 crore vehicle parts,” said the additional commissioners RK Singh.
Furthermore, the suspect has also taken credit facilities from BMW Financial Services Ltd with Rs 12.5 Crores songs for inventory funds.
“Chawla misused sales and only RS RS 2.35 Crores found with companies accused of inspection,” Singh added.
Complaints of BMW financial services are also accepted in the wings of economic violations and are being investigated.
The police said the defendant was suspected of continuing Bank HDFC Bank reports which were forged to BMW’s financial services, to show that the funds received from them were properly utilized.
“The defendant had pawned vehicle inventories that were not sold with financial institutions and obtained loans for false certainty that the proceeds of sales should be stored in the designated bank account.
However, he misused the results of vehicle sales to RS 26.5 tone.
Crore and also prepared fake documents, “Add additional commissioners.
Efforts are made to restore mortgaged vehicles or assets purchased through the amount abused.