Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Anubhav Sharma, Director of real estate company 32nd Milestone, and his wife Mamata Sharma have been arrested in connection with a cheating case and remanded to six days' police custody, officials said on Monday. The couple's son, Dhruv Dutt Sharma, and Shireen Sharma had earlier been arrested in the same case. The accused are alleged to have cheated several investors by selling properties that had already been mortgaged to banks. The case originated from a complaint filed on 20 December last year, alleging that a shop at 32nd Milestone, Sector 15, Gurugram, was sold to the complainant's son for approximately INR 28 lakh by misrepresenting its actual area.
Anubhav Sharma, Director of real estate company 32nd Milestone, and his wife Mamata Sharma have been arrested in a cheating case and remanded to six days' police custody, officials said on Monday, in a case involving the alleged sale of mortgaged properties to unsuspecting investors.
The couple's son, Dhruv Dutt Sharma, and Shireen Sharma had earlier been arrested in connection with the same case, according to police. With the latest arrests, all four accused named in the case are now in custody.
According to police, the accused are alleged to have cheated several investors by selling properties at the 32nd Milestone development that had already been mortgaged to banks, without disclosing this to the buyers at the time of sale. The alleged fraud is understood to have affected multiple purchasers who invested in commercial units at the project.
The case originated from a complaint filed on 20 December last year, in which a man alleged that Anubhav Sharma, Dhruv Dutt Sharma and Shireen Sharma had sold a shop located at 32nd Milestone, Sector 15, Gurugram, to the complainant's son for approximately INR 28 lakh. The complainant alleged that the accused had misrepresented the size of the shop, claiming it had a larger area than its actual dimensions, at the time of the transaction.
Police are understood to be investigating the broader pattern of alleged transactions involving the project, examining whether other buyers were similarly misled about the mortgage status or physical specifications of units sold to them. The case highlights concerns around due diligence in commercial property transactions, particularly regarding verification of a property's encumbrance status prior to purchase.
The remand of Anubhav Sharma and Mamata Sharma is expected to allow police to question the couple further regarding the extent of the alleged fraud and to establish whether additional properties or investors were involved in the case.
The report did not specify the total number of investors or properties alleged to be affected by the cheating case, nor did it detail the specific sections of law under which the accused have been charged. Details of the couple's legal representation and any response to the allegations were also not available in the report.
Source: PTI
Advertisement
Facebook
Whatsapp
