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Odisha EOW Arrests Realtor For Cheating Homebuyers

10 January 2020


Bhubaneswar: Economic Offences Wing of the Crime Branch CID today arrested a builder on charges of duping two Cuttack-based homebuyers. The accused, Prabhat Kumar Nanda owns a real estate firm named Raghupatee Estate.

Nanda was arrested on the basis of complaints lodged by Debojyoti Dutta and Mamata Barik of Cuttack. He had taken a sum of Rs 25.50 lakh from both in 2011-12 and promised them residential flats in a project named ‘Pristine Park’

However, over the past eight years he neither allotted them the flat nor refunded the money following which Dutta and Barik lodged complaint with the EOW.

“Nanda has been booked under multiple Sections of the IPC and OPID Act. Incriminating documents pertaining to the case have been seized during a raid on Nando’s house in Cuttack. Further investigation is on,” the EOW said.