A staggering scam of around ₹500 to ₹1000 crore has rocked Gurugram. The police arrested Dhruvdatt Sharma, a cunning societal elite and the director of 32 Milestone Avenue. He is accused of trapping countless individuals with assurances of insured rental returns, only to deceive them out of millions. The Economic Offenses Wing presented him in court, leading to a six-day police remand.
Investigations reveal Dhruvdatt Sharma lured victims with promises of handsome returns, persuading them to invest with exorbitant expectations. Yet, no returns were provided, and millions were embezzled.
The accused misused the swindled capital to construct luxury villas along the seashores of Goa and invest in properties in Neemrana, Rajasthan. Under the guise of insured rental returns, grand illusions were painted, facilitating the swindling of billions.
Source: aajtak
It's not a small endeavor; Dhruvdatt Sharma orchestrated a scam scaling ₹500 to ₹1000 crore. ACP Vishal noted the victims initially raised grievances of multi-crore fraud at the police commissioner's public hearings two months ago.
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Police Commissioner Vikas Arora assigned the investigation to the Economic Offenses Wing. Consequently, a case was filed against Dhruvdatt Sharma, director of 32 Milestone Avenue, and others, leading to his arrest. This unfolded the massive scam that was concealed.
Source: aajtak
Police assert that more than five cases have been registered against the mastermind involved in the multi-crore scam, with statements from approximately 40 to 50 complainants collected.
Officers from the Economic Offenses Wing suggest the number of victims could be between 500 to 1000, with each defrauded of ₹1 to ₹2.5 crore. Essentially, a scam encompassing ₹500 to ₹1000 crore was executed on promises and false assurances.
Profits from the fraud built extravagant villas on the shores of Goa. ACP Vishal mentioned that during interrogation, Dhruvdatt Sharma confessed to constructing luxurious villas in Goa with the defrauded money, and investments in Neemrana, Rajasthan followed a similar pattern.
