Latest Realty News

AT Group property may also be liquidated
Nov 15, 2013
BHUBANESWAR: Like Seashore case, the Commissionerate Police may also urge the State Government for liquidation of Artha Tatwa (AT) company’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, sources said.
Realtor-criminal nexus under Bhubeaneswar police lens
Aug 21, 2013
BHUBANESWAR: Controversial builders seem to be running an empire of hooliganism in the city, if the murder of Manmohan Pradhan is any indication.
Realtor held for duping investors
Aug 03, 2013
BHUBANESWAR: Commissionerate Police Thursday arrested realtor and film producer Ratikant Kanungo on charge of duping investors and collecting lakhs of rupees from them promis­ing land on the city outskirts.
BDA grievance cell turns a flop show
Aug 03, 2013
BHUBANESWAR: Bhubaneswar Development Authority's (BD'A) grievance cell that was started Friday, dedicated to resolve planning-wing related complaints received lukewarm re­sponse from the citizens.
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.
Account for refunds by AT beneficiaries
Aug 01, 2013
BHUBANESWAR: The Commissionerate Police has opened a bank account where refunds made by individuals and firms who had benefited from business dealings with Artha Tatwa (AT) Group can be deposited.
HC notice to govt, RBI on Seashore plea
Aug 01, 2013
CUTTACK: Acting on the petition filed by Seashore group of companies seeking defreezing of its bank accounts, Orissa High Court Tuesday served notices on the Reserve Bank of India (RBI), state government , crime branch (CB) of the state police and others to respond in this connection.
Seashore CMD denied bail
Jul 27, 2013
BHUBANESWAR: Seashore Group CMD Prashant Kumar Dash was on Friday produced before the Nabarangapur Sub-Divisional Judicial Magistrate (SDJM) Court here for his alleged fraudulent activities and embezzlement of money through Seemanchal Multi Purpose Cooperative Ltd in the periphery of Nabarangpur.
Chit fund: Rahul Brigade demands CBI investigation
Jul 23, 2013
BHUBANESWAR: The All India Rahul Gandhi Brigade State unit on Monday staged a demonstration in front of the State Assembly and submitted a memorandum to the Governor demanding a CBI probe into the chit fund scams in the State.
HC seeks details of investors from chit fund firms
Jul 23, 2013
BHUBANESWAR: The Odisha High Court on Monday asked chit fund Company Green Ray International to provide it the details of all investors who have deposited money with the company mentioning about the amounts they have invested and the amounts they are likely to get back after maturity of their terms.
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.
Seashore Group into Diamond Trade
Jul 06, 2013
BHUBANESWAR: The Eco­nomic Offences Wing, which is investigating the financial fraud by Seashore Group, has found that the company was also into diamond busi­ness. Seashore chief Prashant Dash, who was arrested from Mumbai last month, fre­quented the Western Indian States in connection with its diamond business too. He had visited Surat apart from operating out of Mumbai.
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.
No relief for Seashore CMD from district court
Jul 05, 2013
JEYPORE: In another setback to the Chairman-cum-Managing Director of Seashore group of companies Prashant Kumar Das, who is presently lodged in a jail in Koraput district, the District court here rejected his bail plea Thursday.
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.
1,000 silver coins seized from Prashant's locker
Jun 30, 2013
BHUBANESWAR: The crime branch (CB) on Saturday seized 1,000 silver coins, each weighing 100 grams, from a bank locker of Seashore Group's CMDPrasant Dash, who has been charged with misappropriating investors' money worth Rs 450 crore.
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.
Seashore chief bail rejected
Jun 26, 2013
BHUBANESWAR/KORAPUT: The Crime Branch (CB), probing the multi-crore fraud by controversial Seashore Group, said it is still groping in the dark about Rs 1,000 crore, which the money circulation company allegedly diverted to other businesses.
Crime Branch seizes film prints for Seashore link
Jun 26, 2013
BHUBANESWAR: The Crime Branch (CB), probing the alleged multi-crore fraud by Seashore Group, on Monday seized two prints of an upcoming Odia movie in which the company's CMD Prasant Dash invested more than Rs 50 lakh.
Sarala Realcon MD Gayadhar Jena Arrested for Land Fraud
Jun 26, 2013
BHUBANESWAR: Yet another case of land fraud came to light, as the Sahid Nagar police arrested Mr. Gayadhar Jena, the Managing Director of Sarala Realcon Pvt. Ltd. for alleged land fraud. The arrest took place on the complaint of a person, who accused Sarala Realcon of duping him of Rs 8 lakh.
Talks in CD give fresh twist
Jun 22, 2013
BHUBANESWAR: The chit fund scams in Odisha took a new turn on Friday after an audio CD containing purported conversations between an alleged mastermind and two unidentified persons was telecast in a TV channel.

Latest Realty News Of State

Realty Talk's