Two Arrested in Bengaluru for Electric Vehicle Sales Fraud

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EV Sales Fraud Busted: Two Arrested in Bengaluru for Fake Subsidy Scheme

Representational image (Image: News18)

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News18•14-03-2026, 14:00

EV Sales Fraud Busted: Two Arrested in Bengaluru for Fake Subsidy Scheme

•Hanumantha Bilkar and Rakesh arrested in Bengaluru for electric vehicle sales fraud.
•Accused defrauded buyers by offering subsidized two-wheelers under a non-existent central government scheme.
•Arranged loans for buyers, crediting amounts to their companies, promising to pay most EMIs.
•Companies stopped paying EMIs after initial payments, leaving buyers with loan burdens.
•Sourced EV parts from Delhi, assembled in Bengaluru, sold through showrooms; investigation ongoing.

Read Full Article on News18 in English

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