Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch has arrested Shreya Infrastructure Services Ltd director Gatikrushna Dash for allegedly defrauding people of Rs 5 crore on pretext of providing flats to them.
According to the sources, the Shreya Infrastructure Services Ltd introduced a studio apartment at Puri in the name of Shree Kshetra Kalinga Kutira at a cost of Rs 9.50 lakh each for each unit.
Being induced by the lucrative advertisements, more than 100 customers had deposited Rs 5 crore in 2014 and 2015 for the project at Sipasarubali.
And Dash on the capacity of the director of the company had executed agreements with the customers to hand over possession of respective flats within three years from the date of signing the agreement. But, the company failed to provide flats to them.
Earlier, company MD Himanshu Sekhar Nayak was arrested in connection with the case. Further investigation is on.