Hi-tech land fraud: Bail denied to Tirupati, 2 aides
Bhubanesar: The bail plea of Hi-tech group chairman Tirupati Panigrahi and his two associates, Tirupati Choudhuri and Madhusudan Panigrahi facing trial in a fraudulent land deal case was rejected today byBhubaneswar additional(II) session court.
The three accused were sent to judicial custody after the court set aside their petition in Kalyan vihar Phase II land cheating case. On the other hand, Hi-tech group’s counsel said he will move High Court for bail.
Crime Branch sources said out of 17,000 investors in Kalyan Vihar project case, as many as 16, 000 investors were allegedly duped while over 800 complaints were registered within a gap of two weeks in the same case. The crime Branch also froze 147 bank accounts of at least 18 banks seizing over Rs 2 crores saved in the accounts. But as per the complaints, more than Rs 5 crores is suspected to be duped, Crime Branch ADG said, adding a substantial part of the duped money has been deposited in some charitable trusts’ accounts.
“The money collected from these accounts has been diverted to various charitable trusts and organizations which were dependant on the money for maintenance”, Crime Branch ADG BK Sharma said.
It may be mentioned that bail petitions of three accused in Bhagyanagar- II land fraud case will be heard on Thursday while the court has fixed the hearing of Kunjavihar and Puspanjali enclave fraud case to Friday.