Latest Realty News

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.
Seashore boss’s Mercedes seized from Mumbai
Jul 04, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the Crime Branch seized a luxurious Mercedes-Benz car from the possession of Seashore Group CMD Prashant Dash. The EOW located the car from Mumbai where Dash was arrested by the police.
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.
CB hot on trail of Seashore wealth
Jul 03, 2013
BHUBANESWAR/KORAPUT: After seizing 1,000 silver coins worth nearly Rs 44 lakh from Seashore Group CMD Prasant Dash's bank locker, the Crime Branch (CB) has launched a drive to locate more silver coins and gold ingots, which the company had allegedly purchased in past few years.
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.
Ponzi company CMD again denied bail in Odisha
Jul 02, 2013
KORAPUT: A district court today rejected the bail petition of Seashore Group CMD Prashant Dash in the chitfund scam for the second time.
Seized film was screened in 2011 Mumbai festival
Jul 01, 2013
BHUBANESWAR: When the Crime Branch claimed to seize two reels of forthcoming Odia movie Matira Bandhan (The Inheritance) as the fraud deposit collection company Seashore head Prashant Dash had invested in it, the same film was already screened at the prestigious Mumbai Film Festival organsied by the Mumbai Academy of Moving Image (MAMI) on October 15, 2011 at Cinemax, Sion between 3.30 pm and 5.30 pm in the Indian Frame category. This was revealed by the programme schedule of the festival.
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 bid to win back trust
Jun 28, 2013
CUTTACK: While CMD of Seashore group of companies Prasant Dash is cooling his heels in jail after his bail petition was rejected by a court in Koraput, the company is making efforts to win back the trust of investors.
I had no idea of Seashore investment in my film: Himanshu Khatua
Jun 28, 2013
BHUBANESWAR: Award-winning director Himanshu Khatua, whose movies 'Sunya Swarupa' and 'Kathantara' won critical acclaim spoke on the present status of the Odia film industry, controversy over his latest film 'Matira Bandhana' and the Gen-next filmmakers in an interview with Minati Singha. Excerpts:
Seashore chief in a corner
Jun 27, 2013
BHUBANESWAR: With a flurry of complaints filed following his arrest, Seashore Group chief Prashant Dash finds himself cornered.
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.
CB quizzes Seashore Group CMD
Jun 22, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Friday quizzed chairman and managing director (CMD) of Seashore Group Prashant Kumar Dash after he was brought by the EOW officials and the Semiliguda police on a six-day transit remand from Mumbai in connection with a multi-crore chit fund scam case.
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.
Seashore gold rush to revive business
Jun 22, 2013
BHUBANESWAR: Despite recent police crackdown on non-banking financial companies, Seashore CMD Prasant Kumar Dash attempted to revive his money circulation business in Angul and Dhenkanal districts, Crime Branch (CB) sources said.
Assembly panel seeks report on 'cheat' funds
Jun 22, 2013
BHUBANESWAR: The assembly's public accounts committee, headed by leader of opposition Bhupinder Singh, on Friday asked the registrar, cooperative societies, to submit a report within a week on the activities of 23 multi-state cooperative societies, which allegedly engaged in money circulation business and duped depositors in Odisha.
Builder arrested for cheating customer
Jun 18, 2013
BHUBANESWAR: A local builder, Birendra Swain, was held by the City Police here on Monday on charges of cheating a customer of Rs 20 lakh.
AT Branch Manager held
Jun 18, 2013
BHUBANESWAR: The branch manager of district unit of Artha Tatwa (AT) Group was arrested by local police on Sunday for cheating investors of crores of rupees.
Luxurious car seized from Astha State chief
Jun 14, 2013
BHUBANESWAR: Like the chit fund bosses AT Group CMD Pradip Sethi and Seashore Group CMD Prashant Das and real estate developer Umamani Home Creations (UHC) managing director Narayan Chandra Nayak, Astha International State head Subhranshu Lenka also rode luxurious cars by duping gullible investors, said the Crime Branch official sources
Pyari sees Naveen role in AT fraud
Jun 13, 2013
BHUBANESWAR: After Union minister and senior Congress leader Srikant Jena, it was OJM chief Pyarimohan Mohapatra's turn to drag chief minister Naveen Patnaik into the chit fund scam worth thousands of crores.

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