By Biswanath Dash
BHUBANESWAR: Economic Offences Wing, Bhubaneswar has arrested Saroj KumarPanda, one of the Directors of M/s Odyssa Homes & Commercials Pvt Ltd on Wednesday from Jeypore, Koraput, in EOW PS Case No.09 dt.07.03.2023 U/s420/467/468/471/120-B IPC r/w Sec.6 OPID Act.
The arrested accused is going to be produced before the Hon’ble Designated Court under OPID, Cuttack on Thursday. The above noted case was registered on the written allegation of one Kalyan Mishra of IRC Village, Bhubaneswar against the Directors of M/sOdyssa Homes & Commercials Pvt. Ltd. for misappropriation of crores of rupees by fraudulent means by the Real Estate Company in providing commercial unitsat Ashok Nagar, Bhubaneswar.
There are five No. of land owners who entered into agreement andregistered power of attorney with ‘Maa Basudha Homes’, Kharvel Nagar,Bhubaneswar represented by its proprietor Snigdha Pradhan for developmentand construction of commercial complex during the year 2012 on sharing basis.
Subsequently, Maa Basudha Homes made a collaboration agreement with M/sOdyssa Homes & Commercials Pvt. Ltd. represented by its Directors including the present accused Saroj Kumar Panda to develop, construct, market and to accept the booking amounts for sale of commercial units excluding the share ofland owners.During the period 2013-20, M/s Odyssa Homes & Commercials Pvt.Ltd. represented by its Directors accepted the deposits to the tune of Rs.9Crores approx. from different prospective buyers for the sale of 129commercial units of ‘Basudha Homes Project’ but failed to hand over the unitstill date and also did not return the booking amounts.
It was also found that the company has made multiple transactions in respect of most of the commercial units. Again, without BDA approval, the company has constructed the third floor in the said complex and has also received booking amounts from different prospective buyers to provide the commercial units in that floor. The company has also deceived the five land owners in giving the commercial units of their share and rather has received the booking amount against their share of units also. Two Directors namely Manoj Kumar Panda and Aurobinda Santaraof M/s Odyssa Homes & Commercials Pvt Ltd were arrested earlier in EOW PS
Case No.14/22 for cheating Rs.20 Crores in their Ganapati Homes Project toprovide flats to different investors. Accused Manoj Kumar Panda is still in jail custody. The arrested accused being involved in both the cases i.e. EOW PSCase No.14/22 and 09/23, was absconding to evade the police arrest.There are ten (10) more cases are pending against M/s Odyssa Homes & Commercials Pvt. Ltd. and its Directors in different police stations. During investigation many incriminating documents pertaining the Basudha Homes Project have been seized. Investigation of the case is on.
