Guwahati: The Enforcement Directorate (ED) carried out raids at a number of locations connected to Dilip Chhabria, the proprietor of DC Design in Mumbai and Pune on Thursday.
The agency also filed a money laundering complaint against the automobile designer on the basis of numerous charges brought against him by the Mumbai Police’s Economic Offence Wing (EOW) and Crime Intelligence Unit (CIU), reported ANI.
The CIU team detained Chhabria in December 2020 after discovering that his company DC Designs had borrowed money from several non-banking financial institutions (NBFIs) by pretending to be people wishing to buy DC sports cars. The business then didn’t pay back the debt.
Three cases have been filed against Chhabria, two by the CIU and one by the EOW division of the Mumbai Police.
In 1993, Chhabria founded DC Designs with the intention of providing design and prototyping services to the Indian automotive sector and giving specialised products to specific customers.
He has been a pioneer in this industry and his DC Avanti is regarded as India’s first sports vehicle which debuted in 2016.