Crime Branch Arrests Builder On Charges Of Duping Homebuyers In Odisha

Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police Crime Branch on Friday arrested Prabhat Kumar Nanda, managing director of Raghupatee Estate & Holding Pvt Ltd on charges of cheating homebuyers.

According to reports, during 2011-12,Nanda had taken nearly Rs 25.5 lakh from two homebuyers- Debajyoti Dutta and Mamata Barik by promising them a residential flat in a housing project in Cuttack.

The complainant Dutta alleged that the concerned managing director of the real estate firm did not provide the flats despite taking necessary advance payment eight years back.

Based on the complaint, a case under section 406, 420 of the Indian Penal Code and section 6 of OPID Act, 2011 was registered against Nanda in February 2019.