Overview
- Dhruv Dutt Sharma was taken into custody by the Economic Offences Wing and remanded to six days of police custody as officers trace fund flows across related companies.
- Police have logged at least five FIRs and recorded 40–50 statements, with official loss estimates around ₹500 crore and unofficial assessments suggesting the figure could exceed ₹1,000 crore.
- Complainants say investors were promised fixed lease returns for up to 30 years and buyback options, with initial payouts that later stopped around August–September 2025.
- Investigators allege the same 3,000 sq ft floor was conveyed to at least 25 buyers in 2022–23, with cases citing unregistered deeds, including a ₹2.5 crore deal reported by Traum Ventures.
- Preliminary findings indicate investor funds were routed through Sharma-linked firms and used to buy high-end villas in Goa and property in Neemrana, with leasebacks executed via Growth Hospitality.