Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch on Tuesday arrested Seema Nayak, Director of Shreya Infrastructures Services Pvt. Ltd. for allegedly duping investors to the tune of Rs 7.31 crore.
"Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch on Tuesday arrested Seema Nayak, Director of Shreya Infrastructures Services Pvt. Ltd. for allegedly duping investors to the tune of…"
The accused was arrested from Aska in Ganjam district and charged under Sections 406/420/467/ 468/ 471/120-B IPC and Section 6 of OPID (Odisha Protection of Interest of Depositors) Act, 2011. She was later forwarded to the designated court under OPID Act in Cuttack.
Earlier, Seema’s husband Himanshu Sekhar Nayak, who is the MD of Shreya Infrastructure Services Ltd., Gati Krushna Dash, another Director of the company and Rama Chandra Patra, MD of Real Value Developers & Builders Pvt. Ltd. were arrested in the case.
Economic Offences Wing arrests wife of builder Himanshu Nayak for allegedly duping investors to the tune of Rs 7.31 crore. Earlier, 3 persons including Nayak were arrested #Odisha
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According to the EOW, a case of cheating and fraud was registered against Himanshu Sekhar and Rama Chandra on the written complaint of Debadutta Rautray.
During the investigation, it was learnt that about 100 customers had booked studio apartments at a cost of Rs 9.50 lakh per unit in Shreekshetra Kalinga Kutira project at Sipasarubali in Puri in 2014-2015 after being induced by Himanshu Sekhar, his wife and another Director of the firm.
Himanshu had signed agreements with the customers to hand over possession of flats within three years from the date of agreement, but failed to do so and absconded from the locality after misappropriating the collected amount, the EOW said. As many as 71 intending buyers have invested about Rs 7.31 crore for buying flats/studio apartments.
“Accused Seema Nayak in the capacity of Director was actively managing the day to day affairs/business of the Company of M/s Shreya Infrastructures Services Pvt. Ltd. on regular basis and was also operating bank accounts. It has been ascertained that a major portion from out of the public deposit has been diverted to her personal accounts maintained with different banks and misappropriated by her,” the EOW added.