The Gurugram Police have arrested Dhruvdat Sharma, the director of 32 Milestone Avenue, in connection with a fraud case involving 500 to 1000 crores where he allegedly deceived investors with guaranteed rental returns.
Gurugram Police have made a significant arrest in a massive fraud investigation, apprehending Dhruvdat Sharma, the director of 32 Milestone Avenue. He is accused of conning between 500 to 1000 investors by promising assured rental returns, a scheme that lured many into investing their hard-earned money. The scale of the fraud is alarming, with estimates suggesting the total amount involved could be between 500 to 1000 crores.
The case highlights serious financial crimes in the region, raising concerns about investor protection and regulatory oversight. Many victims have reportedly come forward, expressing their distress over their lost investments. This situation underscores the critical need for stringent laws and mechanisms to safeguard against such frauds, as well as the importance of thorough verification before making any investment.
As investigations continue, authorities are expected to dig deeper into Sharma’s operations and potential associates involved in this deceptive scheme. The incident serves as a wake-up call for both investors and regulatory bodies in India, underscoring the need for greater vigilance and education to prevent future scams of this magnitude.
