Luxury used car showroom Royal Drive raided by income tax department. 102 crores black money deal.

Royal thrust is simply a precise fashionable pre-owned car dealership present successful Kerala, with showrooms successful galore large districts and known by beauteous overmuch each car enthusiast. They had everything from introduction level luxury cars to astir caller Rolls Royces, Lamborghinis and the similar nether their roof.

Their advertisements were everyplace and their clientele consisted of celebs and salient businessmen. They were increasing accelerated and their laminitis was adjacent successful the quality this twelvemonth for breaking into the "1000 crore club".

After much than 2 days of raids by the income taxation department, 102 crores worthy of achromatic wealth transactions person been recovered and notices person been issued to galore of their customers suspected to beryllium involved, which includes nationalist level celebrities.

https://www.onmanorama.com/news/kera...lebrities.html

https://english.mathrubhumi.com/news...raid-1.9697512

https://www.etvbharat.com/en/!state/...enn24070503882

Personal thoughts:
Their cars ever seemed heavy overpriced to me. You would person 3rd owner, 80k kms driven BMWs and the likes being sold for astir 80% the terms of a caller one. Always wondered however and wherefore radical paid that benignant of wealth for a utilized luxury car implicit conscionable buying a caller one. Guessing astir of the transactions were completed with achromatic money. Apparently they besides purchased cars from individuals with achromatic money. These benignant of dealerships person been spinning hay to golden with the caller covid inspired car shortage and I blasted them for the unreasonably precocious prices of utilized cars successful Kerala.

You tin spell done their car inventory and prices present if you are curious: https://www.royaldrive.in/pre-owned-luxury-cars

Share your thoughts below.

Last edited by Cresterk : 5th July 2024 astatine 17:40.