SURAT: The police have arrested a man who is accused in multi-crore racket of mortgaging and selling cars that he had taken on rent.
The cops have seized 12 cars from him but Ketul Parmar, who was nabbed from Botad, is suspected of having sold 254 cars in the last nine months.
Amar Patel, a resident of Bhathena, had lodged a complaint against Parmar in detection of crime branch (DCB) on June 5.
Patel, who is a cab service provider, told the police that he met Parmar some years ago and both became friends.
Parmar, himself a cab service provider, told Patel that he had got a contract to give cars on rent to a solar firm.
Parmar and Patel both are cab service providers and met each other a few years ago during work.
They were in regular touch and Parmar informed Patel that he got a contract to supply cars on rent to a solar company.
Patel then gave a car to the accused on a 10-day trial and then started providing more cars as he received rental regularly.
Patel’s friends too began supplying cars on rent to Parmar.
“The accused took the original RTO registration certificate and insurance papers.
It is suspected that he used these papers to mortgage or sell the cars,” said V K Parmar, assistant commissioner of police, EOC that is now investigating the case.
Parmar had been committing this fraud since September 2020.
The accused has been booked under various sections of Indian Penal Code including breach of trust, cheating and forging documents.
“Some of the sold cars were registered in the name of new buyers as well.
It is also a matter of investigation for the police on how this was done,” said police.