Gurugram Police has arrested Dhruv Dutt Sharma, the CEO of the famous 32nd Avenue commercial hub. He was taken into custody from his residence at DLF Camellias on Friday, February 6. The court has remanded him to police custody for six days regarding a massive fraud case involving hundreds of investors who were allegedly cheated.
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How Was the 500 Crore Fraud Executed?
The investigation reveals a scam estimated at roughly ₹500 crore. Dhruv Dutt Sharma allegedly sold commercial units for approximately ₹2.5 crore each. The main allegation is that he sold the same property to multiple buyers to collect huge sums of money.
Reports indicate that Unit No. 24 was sold to more than 25 different people. The total number of affected investors is estimated to be between 500 and 1,000. Sharma had promised investors a 30-year guaranteed lease rental, but these payments reportedly stopped in August 2025.
What Legal Action is Being Taken?
The police filed an official FIR on January 2, 2026, under sections for cheating and criminal conspiracy. The Economic Offences Wing (EOW) is currently handling the investigation. Investors have been protesting and demanding the return of their funds.
A plea has been filed in a local court to freeze the bank accounts and attach the assets of the accused. This legal move aims to stop Sharma and his associates from leaving the country while the investigation continues to recover the dues.
