By Our Correspondent
BHUBANESWAR:Economic Offences Wing, Bhubaneswar arrested accused Pramod Kumar Sahoo(49 Yrs.), Ex- Director of M/s Mishra Creations Pvt. Ltd. a Real Estate company, today i.e.on 05.09.2026 from Bhubaneswar in EOW PS Case No.17 dated 01.05.2023
u/s 406/420/467/468/471/120-B IPC r.w. Sec. 6 of OPID Act, 2011.
The arrested accused is going to be produced before the Designated Court under OPID Act, Cuttack. The above referred case has been registered on the basis of the written
allegation of Swadesh Ray Chaudhury of Rasulgarh, Bhubaneswar regarding the cheating
to him and as well as other investors in the name of giving flats in the project ‘UTOPIA’
at Chandaka of M/s Mishra Creations Pvt. Ltd. He has booked a flat in the above said project during the year 2016 and advanced an amount of Rs.16 lakhs to the accused MD
Jyoti Ranjan Mishra. He has incurred a bank loan to give the advance and has also
entered into a tripartite agreement with the builder and the bank. The flat was to be
handed over within 30 months, but till date no flat was given to him by the real estate
company nor he was refunded the invested amount.
Investigation revealed that accused Pramod Kumar Sahoo, Ex-Director of M/s
Mishra Creations Pvt. Ltd., played an active role in promoting the “UTOPIA” housing
project at Anlapatna, Chandaka, Bhubaneswar.
He, along with co-accused Jyotiranjan Mishra, Santosh Kumar Rath and others, approached prospective purchasers, showed them the project, facilitated flat bookings and assisted in housing-loan formalities.
Statements of several purchasers corroborated his involvement in procuring customers
and facilitating payments towards the project. Investigation further revealed that
Rs.16,51,400/- was credited to his personal SBI account from the company account. The
evidence establishes his active involvement and financial linkage with the fraudulent
transactions relating to the UTOPIA project.
During investigation so many incriminating documents have been seized from the
arrested accused. Earlier, MD and Addl. Director of M/s Mishra Creations Pvt. Ltd.,
namely, Jyoti Ranjan Mishra and Santosh Kumar Rath, respectively were arrested and
forwarded to OPID Court.Investigation of the case is continuing.
