Gurugram, Gurugram police on Friday arrested a person who allegedly defrauded roughly ₹500 crore, after promoting a flooring of a constructing to over 25 folks, police mentioned.
The accused, Dhruv Dutt Sharma, director of thirty second Milestone , was arrested, police mentioned.
The accused was produced in a metropolis courtroom and brought on six days of police remand. Investigations to this point have revealed that the accused defrauded numerous folks of roughly ₹500 crore on this method, they added.
In January, a grievance was filed by a consultant of Tram Ventures Personal Restricted in opposition to the Apra Motels, which is now often known as 32 Milestone Vistas Personal Restricted, police mentioned.
In 2021, the accused agency’s administrators and shareholders contacted the complainant firm and provided Unit No. 24 on the primary flooring of his thirty second Milestone Advanced on the market, he mentioned.
Reportedly, the deal was carried out at ₹2.5 crore, they mentioned, including that the quantity was paid on September 21, 2021.
After this, 32 Vistas Personal Restricted entered into an settlement to promote the property with the complainant’s firm, however didn’t obtain the conveyance deed executed after the fee, he added.
The complainant alleged that they have been made to run round repeatedly.
They issued a discover on October 11, 2023, however the accused firm didn’t reply.
In response to the settlement, the accused firm continued to pay lease for the ground bought to their firm.
On investigation, the corporate discovered that between the 12 months 2022 and the 12 months 2023, the conveyance deed of that flooring had allegedly been made within the title of 25 different individuals.
Appearing on the grievance, police registered an FIR on the Civil Strains police station.
In the course of the investigation, the Financial Offences Wing crew arrested the accused Dhruv Dutt Sharma, a resident of DLF Camellias in Civil Strains, on Friday, police mentioned.
“Throughout preliminary investigation, Sharma revealed that he, together with different associates, had carried out a take care of the complainant firm within the 12 months 2021 for the primary flooring of 32 Milestone Constructing for ₹2.5 crore,” the spokesperson of Gurugram police mentioned.
The conveyance deed for the ground was not executed in his title, and the ground was bought to 25 different people, he mentioned.
Then the crime was dedicated by taking this flooring on lease from all 25 individuals for 30 years within the title of their different agency, Progress Hospitality Personal Restricted, the spokesperson mentioned.
The interrogation of the accused is underway, he added.
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