Luxury car scam kingpin gets bail
A Delhi court on Friday granted bail to an alleged kingpin of the luxury car import racket. HT reports.delhi Updated: Jun 12, 2011 23:53 IST
A Delhi court on Friday granted bail to an alleged kingpin of the luxury car import racket.
Sumit Walia, 26, who was arrested last month by the Department of Revenue Intelligence (DRI) sleuths for illegally importing super-luxury cars in the names of diplomats and embassies to evade import duty, was granted bail.
Additional chief Metropolitan Magistrate Amit Bansal granted bail to Walia as his defence counsel convinced the court that he would assist the investigators during the probe.
Walia had allegedly admitted to have imported around 40 high-end luxury cars which had been confiscated by the DRI. During the course of investigation it came to light that a luxury car - Aston Martin, which was imported duty free in the name of Do Trong Heiu, a diplomat in the Vietnam Embassy, was seized by the DRI.
The document states, "Sumit Walia admitted to have imported the said seized Aston Martin car on the basis of exemption certificate provided by one Rajiv Sood for which he paid him Rs 5 lakh.
He further admitted to have imported a Bentley (model 2010) in similar manner with the help of Rajiv Sood in the name of North Korean Embassy and sold it off to a local buyer. According to the DRI, in these two cars only, Walia evaded duty to the tune of Rs 1.42 crore.