oppn parties Dilip Chhabria: Greed Fells Another Famous Businessman

News Snippets

  • Supreme Court sentences Congress leader Navjot Singh Sidhu to one year rigorous imprisonment in the 1988 road rage case
  • Home Minister Amit Shah says rights should not be demanded before fulfilling responsibilities and that universities are no place to wage ideological battles
  • NIA court convicts JKLF chief Yasin Malik in terror funding case after he pleads guilty of all charges
  • A study backed by PM-EAC has recommended universal basic income and urban job guarantee and greater spend on social sector schemes
  • Supreme Court rules that the decisions of the GST Council are not binding on the Centre and the states, leaving the door open for states to levy further taxes
  • After sustained campaign by BJP MP Arjun Singh, the Centre today withdrew the jute price cap order, industry welcomes move
  • Akasa Air might postpone its July launch due to late arrival of aircrafts
  • Metro Cash & Carry decides to sell Indian operations. All major players, including Reliance retail and Amazon, are likely to bid
  • Local and global cues spook the markets on Friday - Sensex crashes 1416 points to 52792 and Nifty by 430 points to 15809
  • IPL: RCB crushes GT by 8 wickets as Virat Kohli returns to form with a well-made half century
  • Nikhat Zareen is world champion in flyweight category. Wins gold at Women's World Championships at Instanbul
  • Supreme Court uses its special powers under Article 124 to release A G Perarivalan, a Rajiv Gandhi assassination convict
  • Indrani Mukherjea, prime accused in the Sheena Bora murder case, gets bail from Supreme Court after 6.5 years in jail
  • Hardik Patel quits Congress, says top leaders distracted by mobile phones and state leadership busy arranging 'chicken sandwiches' for them
  • Anil Baijal resigns as Lieutenant Governor of Delhi citing "personal reasons"
Nikhat Zareen is crowned world champion in the flyweight (52Kg) category at the Women's World Championships in Istanbul /////// Supreme Court sentences Navjot Singh Sidhu to rigorous imprisonment of one year in the road rage case /////// Sunil Jakhar, who quit the Congress a few days ago, joins the BJP
oppn parties
Dilip Chhabria: Greed Fells Another Famous Businessman

By Ashwini Agarwal
First publised on 2020-12-30 11:03:04

The arrest of famous car modifier/designer Dilip Chhabria comes as a huge surprise. Here was a man who used to have the rich and famous make a beeline to his studio and get their car exclusively remodeled by him or buy his in-house Avanti sports cars, without bothering about his idiosyncrasies and the fat payments. What was the need for him to get into such petty scams? Greed seems to be the only answer.

Chhabria has been arrested by the police for having got the same vehicle registered with multiple RTOs, having secured vehicle loans from multiple NBFCs against the same cars and for having reneged on loan repayments. The scam is said to be as big as Rs 100 crore. Mumbai police suspects Chhabria's company, Dilip Chhabria Designs Private Limited (DCDPL) of either manufacturing two sets of cars with the same engine and chassis numbers or making two or more sets of documents for the same car.

The matter came to light by chance when the police got a tip off about a DC Avanti car bearing a fake registration number parked near Hotel Trident at Nariman Point in Mumbai. On investigation, it was found that the same car was registered with the RTOs in both Chennai and Gurugram. The police set up an undercover operation and found out the modus operandi when an assistant police inspector, posing as a buyer, bought a car and got multiple loans on the same vehicle with the help of DCDPL. The police moved in and arrested Chhabria.

The scam shows that the urge to make easy money can make a criminal out of even some respectable persons. Chhabria was a pioneer in car designing in India and led a high-flying life style, rubbing shoulders with the jet set. In his prime, he was a regular on page 3 of most newspapers. Obviously, something was not right with his finances after he started making Avanti cars. But fraudsters never seem to understand that however cleverly they mask their footprints, the investigative agencies will catch up, sooner rather than later.