Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch today arrested the Managing Director (MD) of real estate firm Raghupatee Estate and Holding Pvt Ltd on charges of duping a man of Rs 25.5 lakh after assuring him to provide a residential flat at Bhanpur in Cuttack eight years ago.
The MD, Prabhat Nanda, was arrested under Sections 406 and 420 of the IPC and Section 6 of OPID Act 2011. Nanda was later produced before OPID Court in Cuttack.
As per the complaint, the MD had taken Rs 25.5 lakh as advance money from one Debajyoti Dutta and Mamata Barik during 2011-12 to provide them a residential flat in Pristine Park housing project at Bhanpur in Cuttak. However, the accused has neither given any flat to the customers till date nor returned the deposited amount.
Acting on a written complaint lodged by Debajyoti, the EOW arrested him today and seized incriminating documents pertaining to the case. Further investigation is on in this connection,sources said.