Bhubaneswar: The Economic Offences Wing (EOW) of the Odisha Crime Branch on Thursday arrested the director of a real estate firm for duping customers to the tune of Rs 3.66 crore.
The accused, Dhruba Charan Mohanty, Director of M/s DRM Infrastructure Pvt. Ltd was arrested after one Bijaya Mishra of Sailashree Vihar, Bhubaneswar, lodged a complaint in this regard.
In her complaint, Mishra alleged that she had entered into a development agreement with M/s DRM Infrastructure Pvt. Ltd. in 2009 for construction of a multi-storied building over a plot owned by her under Mouza- Kalarahanga, with mutual agreement of 35% and 65% share in favour of complainant and builder
respectively.
However, after completion of the building, M/s DRM Infrastructure Pvt. Ltd. represented through its MD and Director, cheated her by not providing any flat/share and sold those flats to other different persons, and misappropriated the money.
During the investigation, it was known that Dhruti Ranjan Mohanty, son of the accused, Dhruba Charan Mohanty are the MD and Director respectively of M/s DRM Infrastructure Pvt. Ltd. In the year 2009, a mutual agreement was executed between the complainant and accused company, M/s DRM Infrastructure Pvt. Ltd represented through its Director, Dhruba Charan Mohanty, the present accused.
As per the agreement, the company would construct a multi-storied building over an area of Ac.0.25 dec. land owned by the complainant in Mouza-Kalarahanga and from out of the flats constructed, the complainant would get a share of 35% of super built-up area and the company would get 65% as its share. However, subsequently, with criminal intention to cheat the complainant, the accused company represented through its MD and Director, Dhruba Charan Mohanty and sold those flats (in the share of the complainant) to other different persons without the knowledge of the complainant, and some flats are sold in more than one occasion.
By way of such fraudulent transactions, the accused persons gained about Rs. 3.66 crores causing corresponding wrongful loss to the complainant and misappropriated those amounts.
Earlier in this case accused MD Dhruti Ranjan Mohanty was arrested.
EOW PS Case No. (19/18) u/s 467/468/471/420/406/120-B IPC, R/w Sec. 6 of OPID [Odisha Protection of Interests of Depositors (In Financial Establishment] Act, 2011 on 20.05.2021 was registered and the accused was produced before the Designated Court (under OPID Act, 2011), Cuttack.
Reportedly, he has been remanded to judicial custody.
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