Overview
- Gurugram Police’s Economic Offences Wing arrested Dhruv Dutt Sharma on February 6 and a local court granted six days of police custody.
- Investigators say a 3,000 sq ft unit was allegedly sold to about 25 buyers, with the space later leased back through Growth Hospitality; police cite a preliminary admission.
- Police estimate potential losses of roughly Rs 500 crore, have recorded statements from at least 36 investors, and are probing multiple FIRs while tracing bank records.
- A Saket court order dated February 5 directed police to file an action‑taken report on a plea alleging cheating and fund diversion, with the matter listed for March 13.
- Complaints describe halted assured‑rent payments and alleged non‑deposit of TDS, GST and employee dues, while the company attributes delays to short‑term vacancies and tenant churn.