The Gurugram Police has arrested real estate entrepreneur Dhruv Dutt Sharma, founder, CEO, and managing director of the commercial real estate project 32nd Avenue, for allegedly duping hundreds of investors by selling the same property units multiple times and promising 'assured' rental returns that never materialised.
The arrest followed complaints of large-scale cheating, fund diversion and criminal conspiracy, with officials estimating the fraud to be worth Rs 500 crore or more.
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