32nd Avenue CEO arre*sted in Rs 500-crore fra*ud, sold same unit to several buyers.
Gurugram Police arre*sted Dhruv Dutt Sharma for allegedly selling the same commercial units to multiple investors, promising assured rentals and causing losses of around Rs 500 crore.
The arr*est followed complaints of large-scale cheating, fund diversion and crim*inal conspiracy, with officials estimating the fra*ud to be worth Rs 500 crore or more. Sharma was produced before a court on Friday and sent on six days of police remand as the Economic Offences Wing (EOW) began a detailed probe into the money trail and property transactions.
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