The Malvani police arrested a 37-year-old event organiser for allegedly cheating multiple car owners by offering to rent their luxury vehicles every month, only to mortgage those vehicles with banks and finance companies, swindling lakhs of rupees.
Police said the accused took a Toyota Fortuner from a Malvani resident for Rs 60,000 per month, paid rent for a few months, later removed the GPS tracker, and pledged the vehicle with a finance firm. When the accused stopped responding, the owner complained to the Malvani police station.
Recovered seven vehicles. Pics/Samiullah Khan
During the probe, police arrested the accused — Ashish Kisan Jadhav, 36, an event manager from Thane — and seized the complainant’s Fortuner along with seven other luxury cars.
The vehicles were stashed in sugarcane fields in the jurisdictions of the Sangli and Karad City police stations. The total value of the recovered vehicles is around Rs 1.01 crore. Further investigation is underway to identify more victims and possible accomplices.
