Bhubaneswar: A city-based builder has been arrested for allegedly duping four people of Rs 25 lakh by promising them flats near Kurunti on the city outskirts.
The builder, Nirmal Behera (45), had floated a new real estate firm after being arrested on similar charges in August 2014.
In the earlier case, the accused had been arrested on charges of cheating Rs 1.1 crore of more than 100 persons on the pretext of providing them residential plots on the city outskirts.
The accused was then the managing director of Semax Builders Private Ltd, police said.
Behera had started his real-estate business in 2011 and had collected the money through his three offices in the city. Thirty-six cases have been registered against Semax Builders Pvt Ltd.
Police said the accused had spent around two years in jail and later floated another firm called Max Unitech Developers Pvt Ltd and started collecting money from the people on the pretext of providing flats in the housing project in Kurunti on the city outskirts.
The police also said that as many as three non-bailable warrants were also pending against the accused.