Why has Mumbai Police arrested car designer Dilip Chhabria of DC Design?

Mumbai Police revealed that car designer Dilip Chhabria, Founder of DC Design, has been arrested in DC Avanti car financing and forgery scam of at least ₹40 crore. Police said Chhabria was selling multiple cars with the same engine and chassis numbers. He's also accused of taking multiple loans on one car and then selling car to a third party.