Police began the investigation in January after two pickup trucks were fraudulently obtained from a dealership in Oakville.
Officers says multiple vehicles were being fraudulently obtained by the suspects, who were planning to ship them out of Canada from the Port of Montreal to the Middle East and Eastern Europe.
The vehicles were purchased from dealerships in the GTA and one in Oakville.
Search warrants have been executed at three separate locations in Mississauga.
Muhammed Khoshnaw, 59, of Mississauga has been charged with two counts of fraud over $5,000 and possession of property obtained by crime.
Mohammed Hussein, 29, of Mississauga has been charged with possession of property obtained by crime (x4).
This investigation is ongoing and more arrests and charges are expected.