Man held for luxury car rental fraud

The suspect rented six luxury cars worth over 8 million yuan (US$1.2 million) and sold them for 2 million yuan, police said.
Baoshan police

The fraud suspect is now under detention.

Baoshan police

The rented cars in this fraud.

A man has been detained for allegedly using a fake identity to rent six luxury cars before selling them, Shanghai police said on Thursday.

The cars are worth over 8 million yuan (US$1.2 million) and were sold for 2 million yuan, police said. The brands were Mercedes, Porsche, BMW, Audi and Aston Martin.

All of the cars have since been recovered.

The suspect, surnamed Deng, rented the cars from a car rental company in Baoshan District within a month from May 28, claiming to be the manager of a well-known asset management company, police said.

Deng produced a paper copy of the company’s business license and claimed that his company needed the cars to transport clients. The rental company didn’t perform any further checks on the man's identity.

The rental company said it didn’t doubt Deng’s identity because he paid the rental fees, tens of thousands of yuan in each case, immediately each time. He was unreachable by the time staff realized the cars had not been returned on time.

Deng was caught by district police on July 30 in Nanjing City of neighboring Jiangsu Province and has confessed, police said.

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