Hyderabad, July 1 -- Karkhana police in Hyderabad have arrested three persons who had driven away a Ferrari from a businessman's house in Mahendra Hills Secunderabad.

The trio also had the car's registration and ownership papers that they had fraudulently transferred in some other party's name. The car is worth 2 crore in the present market.

With the arrest of three , the police claims to have stumbled upon a Delhi-based gang that steals high-end cars by fraudulently transferring ownership and other documents of cars in someone else's name even before they had laid reached the concern party's hand.

According to the Karkhana police on June 23, they had received a complaint about the theft of a Ferrari from one businessman Dinesh Gandhi'...