The person named on the V5 is the legal owner. The person who you claim is the legal owner is not the legal owner, as their name was not on the V5, therefore that person, has no legal right to give you the car.
The police are going to be no help, as neither you, nor the person who gave you the car, are the legal owner of the car.
There may be some leeway if the person who gave you the car has only owned it for a very short period of time (i.e, hadn't got round to sending off the V5 for change of ownership details), but I don't think you've a leg to stand on.
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