2-Year Old BMW X7 Worth Rs 1.7 Crore Abandoned In India [Video]
Most of the time, when we see an abandoned luxury car, it is an older model that has been discontinued. However, over the last few months, we have been seeing some very new luxury cars and SUVs being abandoned. Most recently, a video has gone viral on the internet in which a two-year-old Rs 1.7 crore BMW X7 luxury SUV is seen collecting dust on the side of a road.
This video showing the abandoned BMW X7 has been shared on Instagram by Fraggy Short on their page. In this short clip, we can note that a BMW Individual Tanzanite Blue metallic-coloured X7 was parked on the side of a road. The entire vehicle is covered in a thick layer of dust, and it is slammed to the ground. Most likely, the air suspension of this vehicle is broken.
Another interesting detail about this particular BMW X7 is that it has a VIP registration number of “0001,” which itself costs a lot of money. The video then shows the side profile and the rear end of this vehicle, and it can be noted that there are no significant damages. There are only a few handprints on the side, which most likely have been left by curious kids.
A number of people might be wondering why a brand-new SUV would be abandoned on the side of a road. Well, the answer to this is that it has not been abandoned but rather has been seized by the Mumbai Crime Branch. What happened was that this vehicle was seized after a man named Aashish Dinesh Kumar Shah was arrested from Jabalpur, Madhya Pradesh.
As per the reports, Shah was arrested by the Mumbai Crime Branch for cheating over 400 investors of a total sum of Rs 170 crore. He allegedly promised his investors an extraordinary return of 84 percent per annum on their investments. This particular scheme was projected as a share market investment opportunity.
In order to execute this scam, Shah set up a firm named Samar Yash Trading Company. He claimed to his investors that his company was registered with the Securities and Exchange Board of India (SEBI), after which he started boasting about his plush lifestyle and showing off his residence, office, expensive cars, properties, and farmhouse to lure in investors.
The Versova resident, originally from Veraval, Gujarat, targeted investors in Mumbai, Mira-Bhayandar, and Tamil Nadu. What followed was that when he failed to provide 84 percent annualised returns to his investors, cases of cheating, criminal breach of trust, and others started piling up. Initially, the cheating amount reported was Rs 11.50 crore. However, when more victims came forward, the amount totalled Rs 170 crore.
Following this, the Crime Branch started its investigation, and as a result, Shah fled Mumbai. The Mumbai Crime Branch then began tracking his movements, and using technical surveillance and intelligence inputs, they managed to arrest him from Jabalpur, Madhya Pradesh. During his arrest, 1,900 grams of gold, Rs 25 lakh, and the BMW X7 were seized by the authorities. He also purchased a number of properties using the defrauded money.