SURAT: The Regional Transport Office (RTO) has exposed a well-oiled racket involving non-public banks, agents and second-hand automotive dealers in the city for promoting bank hypothecated cars, taken clear of house owners for non-payment of mortgage, to 3rd celebration after illegally obtaining replica registration certificates (RC).
The RTO has blacklisted over 100 such cars that have been put it on the market through the banks and the auto house owners with out following the process as in keeping with an order of top court docket in 2013.
Market sources mentioned sale of cars in second-hand automotive melas in the city, considered greatest in South Gujarat, has come to a grinding halt following the delivery place of job taking stern motion in contrast illegal industry.
Regional delivery officer Parth Joshi informed TOI, “Banks and automotive dealers are concerned in the racket. They search out customers who fear going to courts and police station. There are cases the place non-public bouncers hired through the banks literally take hold of away cars from customers when they fail to pay two instalments.”
Joshi mentioned such snatched cars succeed in the auto melas in the city. In connivance with agents, mela house owners organize to obtain replica RC e book from the banks from outdated information and sell the auto to 3rd celebration. When the third celebration visits the RTO for recent vehicle registration certificates (FRC) in the RTO, she or he comes to know concerning the fraud.
“We have made a system through which the FRC is issued in keeping with attested identity evidence paperwork of the primary proprietor, whose automotive has been issued FRC. Since the dealers sell the cars on replica RC books with out the consent of the primary proprietor, they are unable to provide paperwork,” mentioned Joshi.
Joshi added, “Surat is the one city in the state the place the second one hand automotive industry has come to a grinding halt due to the racket between banks and dealers. In different towns, the prescribed norms are being adopted.”
The RTO has blacklisted over 100 such cars that have been put it on the market through the banks and the auto house owners with out following the process as in keeping with an order of top court docket in 2013.
Market sources mentioned sale of cars in second-hand automotive melas in the city, considered greatest in South Gujarat, has come to a grinding halt following the delivery place of job taking stern motion in contrast illegal industry.
Regional delivery officer Parth Joshi informed TOI, “Banks and automotive dealers are concerned in the racket. They search out customers who fear going to courts and police station. There are cases the place non-public bouncers hired through the banks literally take hold of away cars from customers when they fail to pay two instalments.”
Joshi mentioned such snatched cars succeed in the auto melas in the city. In connivance with agents, mela house owners organize to obtain replica RC e book from the banks from outdated information and sell the auto to 3rd celebration. When the third celebration visits the RTO for recent vehicle registration certificates (FRC) in the RTO, she or he comes to know concerning the fraud.
“We have made a system through which the FRC is issued in keeping with attested identity evidence paperwork of the primary proprietor, whose automotive has been issued FRC. Since the dealers sell the cars on replica RC books with out the consent of the primary proprietor, they are unable to provide paperwork,” mentioned Joshi.
Joshi added, “Surat is the one city in the state the place the second one hand automotive industry has come to a grinding halt due to the racket between banks and dealers. In different towns, the prescribed norms are being adopted.”
RTO busts hypothecated car sale racket in Surat
![RTO busts hypothecated car sale racket in Surat]()
Reviewed by Kailash
on
April 15, 2019
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