The gang has allegedly sold over 100 luxury cars worth nearly Rs 6 crore through fraudulent means by taking them on rent for 11 months by one Car Kings Tours and Travel Director, Irfan Mansoori, Maharashtra Police Crime Branch official Raghunath Mhale told reporters here yesterday.
Maharashtra Police have so far arrested four persons in this connection in Mumbai. Khargone district's Balsamud area resident and an accused in the case Irfan is absconding, he said.
As many as 100 people have filed complaint of cheating in Mumbai's Agripada and Saki Naka police stations under IPC's section 420 (cheating) in this regard following which Mumbai Police exposed the racket.
He said that efforts are on to seize remaining cars.