Bengaluru: Man held for renting, mortgaging cars; 12 cars worth ₹1.2 crore seized

Bengaluru The Hulimavu police have arrested a man for allegedly cheating several people by hiring their cars on rent under the pretext of using them to transport elderly residents of an old-age home to hospitals and other places. The accused allegedly mortgaged the rented vehicles to third parties and collected lakhs of rupees. The police have seized 12 cars belonging to different companies, collectively valued at ₹1.20 crore, in connection with the case.

According to the police, the complainant, a resident of Vijay Bank Layout within the Hulimavu Police Station limits, lodged a complaint at Kanakapura Main Road Police Station on September 17, alleging that a man approached him claiming to run an old-age home. The accused said he required cars to transport elderly residents to hospitals and other locations. Trusting his claims, the complainant and several others handed their cars over to him on rent.

However, the accused allegedly pledged the vehicles to other individuals and obtained substantial sums of money, thereby cheating the vehicle owners.