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Lookout circular issued against Director of Odyssa Homes & Commercials Pvt. Ltd

23/09/2022 at 11:54 AM

Lookout circular issued

Bhubaneswar, Sep 23: A lookout circular has been issued against Manoj Kumar Panda, Director of M/s Odyssa Homes & Commercials Pvt. Ltd for his alleged involvement in house fraud scam, Odisha Police said on Friday.

The action was taken by the Bureau of Immigration on the request of the state police’s Economic Offences Wing (EOW).

The case against Panda was registered on the basis of the written allegation of Ranjan Kumar Mohapatra, an employee of TCS regarding cheating to him and many other investors to the tune of Rs 20 crores by the Directors of M/s Odyssa Homes & Commercials Pvt. Ltd. on the pretext of providing them dispute free flats in its apartment project namely, ‘Ganapati Homes’ located near Kalinga Studio, in front of SOS Village.

It was found during investigation the directors of the company M/s Odyssa Home & Commercials Pvt. Ltd. during the period from 2013 to 2016 collected around Rs 20 crore from 42 investors to provide them with flats at their project ‘Ganapati Homes’ promising them to supply the complete flats by 2018 and necessary agreement and MOUs were also executed to that effect.

But, till now no flat has ever been allotted to any of the investors. Rather, in order to cheat the investors, the directors of the company knowingly lingering the process to hand over the plots and in the meanwhile have also resold seven flats.

Panda is one of the three directors of the company while the Arabindo Santra, the MD of the company has already been arrested. Two other directors Manoj Kumar Panda and Saroj Panda are absconding in order to evade the police arrest.

“It is also requested that anyone giving credible information leading to arrest of the accused will be suitably rewarded. The information can be given on the mobile number 8895301539. The name and details of the informer will be kept secret,” said an official.

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