Losses drove this MBA to car theft

Neha / TNN / Sep 25, 2006, 00:24 IST

Share

AA

Text Size

Small
Medium
Large

A retired bureaucrat did not have the faintest idea that his son - an MBA, M Tech - was making money by stealing cars till the police arrested him.

NEW DELHI: A retired bureaucrat did not have the faintest idea that his son — an MBA, M Tech — was making money by stealing cars till the police arrested him.
A part of the auto-lifter gang, Vineet Vashisht (27) was arrested recently from his residence in west Nizamuddin. He used to operate from his workshop.
After completing his M Tech from Ludhiana and MBA from an institute in Sainik Farms, Vineet took to disposing of stolen cars since past one-and-a-half-years.
With a modus operandi to defeat all legalities, he successfully sold over 50 stolen cars with the help of his gang members.

The vehicles recovered included all — from luxury cars like Optra Chevrolet, Corsa to Indica and Maruti to even motorcycles.
"Vineet use to buy old cars with original documents at low rates of up to Rs 10,000. Then he would procure stolen cars from the other gang members and tamper with the engine and chassis numbers, prepare forged documents and dispose them of in Punjab,"said Anil Shukla, DCP (south).
Vineet was reportedly living in his West Nizamuddin house with his father and step-mother. He also has a workshop in Ludhiana, where he use to live with his mother who is a gazetted officer.

"His father, who retired in July 2006, wanted him to take up a job, but he opted to be a car dealer. But he suffered losses and took to stealing cars. His family was unaware of it,"said a senior police officer.
The accused had contacts in insurance companies, from whom he would get details of total-loss vehicles and forge the engine, chassis and registration numbers on the stolen vehicles passing them off as genuine.
Others in Vineet's gang would steal cars and motorcycles and deliver them to his home in Delhi or Ludhiana.

End of Article

FOLLOW US ON SOCIAL MEDIA