One person was arrested by the Udyambag police, who used to fraudulently sell the cars to a third party when he used to take it from the owners saying he will put them on hire.
Shivkumar Malkannavar from Ramtirth nagar has been arrested as he used to take cars from people saying he has good contacts with companies and he will put the cars on hire and in return they will good money.
But the accused used to sell the same cars fraudulently to a third party.
The police have recovered 9 cars worth 49,50,000.
One more of his aide Sanjay Kulkarni is absconding and the police said they will trap in some time.