A 37-year-old company chairman, who had allegedly cheated a businessman of Rs.42 lakh on the pretext of selling to him a luxury car, has been arrested at Golf Link in Central Delhi. The police have impounded the car.

The police received a complaint from Nand Ballabh Sharma stating that one Harshwardhan Reddy had struck a deal with him through two middlemen for sale of an Audi car for Rs.47 lakh. Mr. Sharma paid Rs.42 lakh in lieu of the sale deed.

Since the owner did not provide the vehicle’s original papers, he was told that the balance amount would be paid once the documents were handed over. “The car also required repairing,” said a police officer.

The next day, an automobile company representative took away the car for repair work. However, a few days later Mr. Sharma came to know that the vehicle had been delivered to Harshwardhan, who is a post-graduate from Australia and was presently the chairman of a Nehru Place-based company, the police said.

When Mr. Sharma contacted him, he said he was no more interested in the deal. However, he never returned the complainant’s money. Mr. Sharma then learnt that the vehicle was a case property. Based on his complaint, the police arrested Harshwardhan.