Forbes 30 Under 30 to Police Custody: Dhruv Sharma Arrested in Rs 500 Cr Scam

• Dhruv Sharma, CEO of 32nd Avenue, arrested by Gurugram EOW in a Rs 500 crore real estate fraud case.
• Sharma, a Forbes 30 Under 30 honoree, allegedly sold the same commercial property to multiple buyers.
• The scam involved selling a 3,000 sq ft unit to Traum Ventures, then to 25 other investors, and leasing it back.
• At least 36 investors have come forward, with five FIRs registered; protests held by investors and employees.
• Police are investigating potential diversion of investor money to buy hotels and land in Goa and Rajasthan; ED referred for money laundering.