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Realtor held for Rs 3.66 cr fraud in Bhubaneswar

20/05/2021 at 4:26 PM

Bhubaneswar, May 20: The Economic Offence Wing (EOW) today arrested director of DRM Infra Ltd in Bhubaneswar for cheating home and flat buyers of Rs 3.66 crore.

The accused Dhruba Ranjan Mohanty was arrested on the basis of a complaint filed by Bijaya Mishra of Sailashree Vihar.

Police said that the victim had entered into a development agreement with DRM Infra Ltd in 2009 for construction of a multi storied building over a plot owned by her under Kalarahanga mouza, with mutual agreement of 35% and 65% share in favour of complainant and builder respectively.

“However, after completion of the building, the firm cheated her by not providing any flat/ share and sold those flats to other different persons and misappropriated the money,” said the official.

The investigating agency had earlier arrested Dhruti Ranjan Mohanty, the son of Dhruba from Kolkata.

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