Updated On: 25 September, 2023 07:19 AM IST | Mumbai | Shirish Vaktania
The cops are currently in the process of recovering the stolen cars

Karandeep Singh Lugani, the victim, had taken a loan of Rs 1.5 crore for the investment
An Andheri-based man has been cheated of lakhs of rupees after his ‘best friend’ who made him invest in a car rental business absconded with the 20 cars he had invested in. The victim, Karandeep Singh Lugani, 32, has registered an FIR with the Andheri police against Sheldon Vaaz in this regard. The cops are currently in the process of recovering the stolen cars.
According to police sources, Vaaz has a history of cheating people using the same modus operandi and is considered a habitual offender. However, Lugani and Vaaz had been the best of friends for the last 13 years and so he trusted the latter with his investment