Bhubaneswar: The Economic Offences Wing (EOW) has arrested one Biswajit Pattanaik of Nayapalli here in connection with a land fraud case.
Acting on the basis of a complaint lodged by one Bidhu Bhusan Mohanty of Cuttack, the EOW cops carried out an investigation on the allegations leveled by the complainant.
During probe, it was revealed that directors of M/s Surya Nirman Resources Pvt Ltd represented by its MD Chinmaya Mallick allured the public to provide litigation free land at Chandaka here, said an official release.
During 2011-12, accused director Biswajit Pattanaik and other directors have collected Rs 2 crore from the complainant and other investors and issued money receipts, agreements as a token of acceptance of money, the release said.
Subsequently, the accused directors executed some sale deeds in favor of investors without their right, title and interest over the land and despite repeated approaches made by the investors, the directors of the company defaulted to either provide land as committed or refund the invested money to the intending purchasers of land.
The accused director has been booked under section 467/468/471/420/406/120-B of the IPC and r/w Sec 6 of the Odisha Protection of Interests of Depositors (In Financial Establishments) Act, 2011.