Misrod police have recovered ten four-wheelers that were taken away by fraudsters in the name of providing rental, the total value of recovered vehicles is worth Rs 1 crore.
Three friends had formed a gang together by forming company 'Innovative Self Drive Rental Cars and Travel' accused used to advertise for renting four wheelers through social media.
Used to cheat people by luring them of good profits and fake documents were prepared to hide the identity.
To mislead people, they used to prepare forged documents and brought some vehicles by fraud in different cities, used to sell them and kept some on mortgage.
Along with Bhopal, fraud was also committed in other districts including Gwalior, Vidisha, Narsinghgarh, Ashoknagar.
On September 9, complainant had given an application to Misrod police that he had given three vehicles on rent to Monis Nair who had neither returned the three vehicles nor paying the rent of vehicles and based on the complaint case under section 420,406 of IPC was registered against the accused.
During the investigation teams were formed during which the accused Monis Nair was arrested who told that he along with his other two associates Ashish alias Asu and Nitin Soni had opened a shop called Innovative Self in an Ashima Mall. They created a gang by forming a company which cheated victims in the name of renting four-wheelers, took people into their confidence and then fraudulently prepared fraudulent documents. They used to go to different cities and sell the vehicles in their name and some used to mortgage the vehicles.