The Economic Offences Wing (EOW), Bhubaneswar arrested the Managing Director of M/s GLF Infratech Pvt. Ltd. for alleged fraud of Rs 4 crore in the name of providing flats in Bhubaneswar. The accused has been identified as Deepak Kumar Chhotray of Delang area in Puri district. Chhotray was arrested from Bhubaneswar on January 31, the EOW informed today.
The accused was arrested based on the allegations filed by one Anil Kumar Panda. The complainant alleged that he along with 34 others was cheated by the MD of M/s GLF Infratech Pvt. Ltd.
The accused had promised them to provide plots in the company's residential projects at Patrapada, Bhubaneswar.
“After collecting different amounts from the prospective buyers, the MD of the Company requested the prospective buyers that as a land could not be arranged at Patrapada, they would be given flats in Gadakana area. When the buyers agreed to it, the MD of the Company collected Rs.12 lakhs from each of the prospective buyers during the period 2016-19 to provide flats,” the EOW said in a release.
The EOW stated that the accused's company did not provide any plot/flat to the victim buyers nor did it return the invested amount.
“Even, no land has been acquired by the builder for construction of residential flats till today. The builder Company and its MD thus cheated more than Rs.4 Crores from the intending buyers by executing false documents,” the EOW added.