30 High-End Vehicles, Rs 100 Crore Scam: Hyderabad Luxury Car Dealer Arrested

Who Is Basharat Ahmed Khan, Owner of ‘Car Lounge’ Arrested for Illegally Importing Luxury Cars Such As Rolls-Royce and Toyota Land Cruiser Into India? | 📰 LatestLY

Basharat Ahmed Khan, owner of Hyderabad’s ‘Car Lounge,’ has been arrested for allegedly importing luxury cars like Rolls-Royce and Toyota Land Cruiser using fake documents to evade INR 100 crore in duties. 📰 Who Is Basharat Ahmed Khan, Owner of ‘Car Lounge’ Arrested for Illegally Importing Luxury Cars Such As Rolls-Royce and Toyota Land Cruiser Into India?.

30 High-End Vehicles, Rs 100 Crore Scam: Hyderabad Luxury Car Dealer Arrested

Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.

Hyderabad businessman arrested in Rs 100 cr luxury car import scam

Hyderabad: Amid raids by the Enforcement Directorate and the Directorate of Revenue Intelligence (DRI), a Hyderabad businessman was arrested earlier this month in an alleged Rs 100 crore luxury car fraud. The accused was identified as Basharath Khan, the owner of the Hyderabad-based Car Lounge showroom in Gachibowli, reported News Meter. Based on intelligence, the DRI found that luxury cars were imported to India at 50 percent of their original …

Hyderabad Luxury Car Showroom Owner Basharat Khan Arrested in ₹100 Crore Customs Duty Fraud

The fraud was executed using fake documents and manipulated invoices. Khan was arrested in Surat and presented before a special court in Ahmedabad.