Car rental businessman held for cheating car owners, 8 cars worth Rs 1.2 crore recovered

HYDERABAD: A car rental businessman in Hyderabad was arrested on Tuesday for defrauding car owners, and eight cars worth Rs 1.2 crore were recovered by Chandrayangutta police.

In 2021, Mohammad Aslam Nawaz(33) started a car rent business in Sanath Nagar, entering into lease and rental agreements with eight car owners. He rented cars for months, mortgaged them to others, and took a hand loan of Rs 3-4 lakhs without informing the owners to enjoy a lavish life.

Chandrayangutta police apprehended Mohammad Aslam Nawaz on September 4, 2023, while he was driving in a Maruti-Vitara Breeza based on a complaint made by 36-year-old Nomula Sai Ram, a resident of the Cherlapally area.

The arrest was conducted under the supervision of Manoj Kumar ACP, Chandrayangutta Division, along with SHO K.Gurunath and DI K.Raghu Kumar and their staff.

A case was registered Cr. No 436/2023 U/s 420, 406 IPC of PS Chandrayangutta.