The MHB police in Borvli have arrested a man identified as Pravin Misal, 37, for allegedly running a car mortgage scam. Police said Misal rented cars from people and fraudulently mortgaged them to third parties to fund his lavish lifestyle. Police said that the accused would pawn the cars he rented to unsuspecting buyers, leaving the original owners without their vehicles. 

The scam came to light after multiple complaints were filed by victims who never got their cars back. One of the complainants, a 27-year-old man who was also in the second-hand car trading business, first met Misal in 2023. According to the complainant, Misal contacted him last year, requesting a car on rent for 10 days. Since Misal had previously rented vehicles from him, he trusted him and handed over his Creta car for R30,000 at a rate of Rs 3000 per day.