Latest Realty News

Police seek annulment of Artha Tatwa Group’s assets
Jan 29, 2014
BHUBANESWAR: The Commissionerate Police have written to the State Finance Department for annulment of property of non-banking financial company Artha Tatwa Group that allegedly duped investors of more than Rs400 crore.
Delay in assets attachment of Artha Tatwa Group irks govt
Jan 23, 2014
BHUBANESWAR: The state government has asked commissionerate of police to expedite the process to attach property of controversial Artha Tatwa (AT) Group. The money-circulation company is accused of duping thousands of investors of more than Rs 350 crore.
Seashore money invested in Govt projects: BJP
Nov 16, 2013
BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo
Chit fund panel extends affidavit filing deadline
Aug 22, 2013
CUTTACK: The Justice R K Patra Commission of Inquiry, probing into the multi-crore chit fund scam in the state, on Wednesday extended the deadline for submission of compliants before it by 18 days.
Depositors' interest protection bill gets Prez nod
Aug 14, 2013
BHUBANESWAR: The much awaited Odisha Protection of Interests of Depositors (in financial establishment) Bill, 2011 becomes an Act with President Pranab Mukherjee on Tuesday giving his assent to it. The Act comes into force with immediate effect, enabling the State Government to act tough against the malpractices of the fraudulent financial institutions and recover the money of the depositors.
Pyari for CBI probe into chit fund scam
Aug 05, 2013
BHUBANESWAR: Rajya Sabha member and president of Odisha Jana Morcha Pyari Mohan Mohapatra on Saturday reiterated his demand for a CBI probe into the multi-crore chit fund scam.
First sitting of the panel on chit fund scam on September 6th
Aug 05, 2013
BHUBANESWAR: The first sitting of Justice RK Patra Commission, which was set up to probe the multi-crore chit fund scam in State, will be held on September 6.
Four officials of chit fund company arrested
Aug 04, 2013
BALASORE: Four senior officials of a chit fund company were arrested today from Jaleswar in Balasore district of Odisha for allegedly duping investors, police said.
Chit fund scam: Justice Patra to hold prelim hearing from Sept 6
Aug 03, 2013
BHUBANESWAR/CUTTACK: RK Patra, retired Chief Justice of Sikkim High Court and former Chairman of Odisha Human Rights Commisssion, probing the multi-crore chit fund scam in the state will start hear­ing of the case from September 6.
Duped investors seek refund
Aug 01, 2013
BHUBANESWAR: Investors across the State duped by financial institutions staged a massive rally at the PMG Square here on Wednesday demanding recovery of their money deposited with the fraudulent companies.
‘Sachin has failed to handle chit fund scam’
Jul 20, 2013
BHUBANESWAR: Being the Union Minister of Corporate Affairs, Sachin Pilot has failed in his responsibility to regulate and monitor the chit companies as most of them had obtained registration from the Ministry of Corporate Affairs. It was his responsibility to save the investors’ money,” alleged State BJP spokesperson Sajjan Sharma on Friday.
‘Chit fund: Centre to cooperate if State wants CBI probe’
Jul 20, 2013
BHUBANESWAR: Union Corporate Affairs Minister Sachin Pilot on Friday said if the Odisha Government requests for a CBI inquiry into the chit fund scams in the State, the Union Government would be ready to help.
Naveen Patnaik shielding AT Group chief: Pyarimohan Mohapatra
Jul 14, 2013
BHUBANESWAR: Odisha Jan Morcha chief Pyarimohan Mohapatra on Saturday accused Chief Minister Naveen Patnaik of protecting controversial Artha Tatwa (AT) Group chief Pradeep Sethy.
‘Rs 300-cr fund too little to help chit fund victims’
Jul 12, 2013
BHUBANESWAR: Pradesh Congress Committee President Jayadev Jena on Thursday reacted on Chief Minister Naveen Patnaik’s declaration of Rs 300 crore of corpus fund for the duped 20 lakh chit fund investors in the State.
Street play creates awareness on chit funds
Jul 11, 2013
BHUBANESWAR: In the wake of the large-scale chit fund scams by various fraudulent agencies and organisations in the State, the Vandemataram group on Tuesday staged a street play here at the Master Canteen Square appealing to the people not to go by the tall promises of the chit fund companies and save their money in legal agencies following proper verification.
Opposition sees poll stunt in fund balm
Jul 11, 2013
BHUBANESWAR: The ruling BJD announcing a Rs 300 crore corpus fund to help victims of the mega chit fund scam has raised several eyebrows, with the opposition dubbing it as an 'election gimmick' and reiterating its demand for a CBI probe to unravel the truth.
Chargesheet against Artha Tatwa chief
Jul 11, 2013
BHUBANESWAR: Police on Wednesday filed preliminary chargesheet in a trial court here against Artha Tatwa (AT) Group CMD Pradeep Sethy and six others accusing them of embezzling public deposits worth crores of rupees. The development came a day after the state government announced Rs 300-crore corpus fund for victims of various chit fund companies.
300 cr fund for chit fund victims
Jul 11, 2013
BHUBANESWAR: Taking a cue from West Bengal, chief minister NaveenPatnaik on Tuesday announced Rs 300 crore corpus fund for victims of the multi-crore chit fund scam. "Under no circumstance will my government allow genuine investors to suffer. We are putting in place a strong legal and financial arrangement so that people do not suffer undue loss," the CM said in a statement.
AT Group Collected Rs 45 Cr from Balasore, says CMD
Jul 06, 2013
BALASORE: After spending a week in Balasore district jail, Artha Tatwa Group CMD Pradip Sethi and Director Manoj Patnaik were back in Jharpada jail in Bhubane­swar on Friday. They were taken on remand for three days in two phases by the Sahadevkhunta police in Balasore.
AT Group MD back in prison
Jul 05, 2013
BALASORE: Artha Tatwa (AT) Group Managing Director (MD) Manoj Patnaik, who was taken by Sahadebakhunta police on remand, was sent to judicial custody Wednesday after interrogation.
B’swar court rejects AT chief’s bail plea
Jul 04, 2013
BHUBANESWAR: : The Sub-Divisional Judicial Magistrate (SDJM) Court of Baleswar on Tuesday rejected the bail plea of Artha Tatwa (AT) Group CMD Pradeep Sethi and granted permission to the Sahadevkhunta police to take him on remand.
AT investors seek refund
Jul 03, 2013
BEHAMPUR: Investor and agentsof Artha Tatwa (AT) Group on Tuesday took out s rally here on Tuesday, demanding the Government to return their submitted a fiscating properties of the company. They submitted a memeoramdum, addressed to Chief Minister Naveen Patnaik to revenue divisional commissioner.
Court Grants Remand of AT Bosses for 1 Day
Jul 03, 2013
BALASORE: The Sub-divi­sional Judicial Magistrate of Balasore on Tuesday granted remand of Artha Tatwa Group CMD Pradip Sethi and director Manoj Patnaik for one more day. Earlier, Sethi was taken on a two-day remand.
Chit fund scam Congress poll plank
Jul 01, 2013
BHUBANESWAR: In a bid to make the chit fund scam a major issue in the urban local body (ULB) polls scheduled later this year and the 2014 elections, the State Congress constituted a state-level cell to provide legal assistance to persons defrauded by the finance companies.
Balasore cops secure remand of ATG CMD for two days
Jun 29, 2013
BHUBANESWAR: Sahadevkhunta police in Balasore were on Friday granted the remand of Artha Tatwa Group CMD Pradip Sethi and Director Manoj Patnaik for interrogation. The duo was shifted from Jharpada jail in Bhubaneswar to Balasore jail on Thursday night.

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