Luxury car dealership fires CEO after DRI probe
By IANS |
3 Views
Directorate of Revenue Intelligence.(photo:Directorate of Revenue Intelligence). Image Source: IANS News
New Delhi, July 18 : After the Directorate of Revenue Intelligence (DRI) started a probe in luxury car smuggling racket, the Big Boy Toyz dealership has fired CEO Nipun Miglani with immediate effect.
The company has also denied any knowledge of the alleged scam.
Jatin Ahuja, MD of Big Boy Toyz said in a statement: Nipun Miglani is terminated with immediate effect and Big Boy Toyz does not hold any liability and responsibility towards his alleged individual transactions.
Highlights
The three accused who were arrested include Nipun Miglani, a senior executive of Gurugram-based luxury car dealership, Big Boy Toyz, Liyakat Bachau Khan and Suriya Arjunan.
DRI launched ‘Operation Monte Carlo after it received a tip-off that a group of individuals was involved in smuggling high-end luxury cars into India in the name of diplomats.
It is estimated that more than 20 luxury vehicles have been smuggled into India in the name of diplomats over the past 5 years, resulting in duty evasion of more than Rs 25 crore.
New Delhi: The Directorate of Revenue Intelligence (DRI) on Friday (July 16) arrested three people in connection to a luxury car smuggling racket involving the misuse of diplomatic privileges. The three accused who were arrested include Nipun Miglani, a senior executive of Gurugram-based luxury car dealership, Big Boy Toyz, Liyakat Bachau Khan and Suriya Arjunan.
Global Used Cars Market (2020 to 2027) - by Vehicle Type, Fuel Type and Distribution Channel prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.