Real estate firm dir arrested by EOW

Real estate firm dir arrested by EOW

Image result for Real estate firm dir arrested by EOWThe State Crime Branch’s Economic Offences Wing (EOW) on Monday arrested Shreya Infrastructure Services director Gatikrushna Dash in connection with a property fraud. Later, Dash was forwarded to the OPID Court in Cuttack.

Dash was arrested on the basis of a complaint filed earlier against the real estate firm’s managing director Himanshu Shekhar Nayak and other officials by one Debadutta Routray. Earlier on January 3, Nayak was arrested by the EOW.

Sources said over a hundred customers had deposited around Rs 5 crore between 2014 and 2015 to purchase studio apartments of Shreya Infrastructure Services at Sipasarubali in Puri.

The customers had deposited nearly Rs 1o lakh for each flat. Dash had executed agreements with the customers to hand over possession of the flats within three years from the date of agreement. However, the company MD embezzled all the deposited money and went absconding closing the office here. Further investigation is on in this connection, said an official.