Latest Realty News

Pilot to address chit fund awareness meet in city
Jul 19, 2013
BHUBANESWAR: With the hapless investors reeling under the fraudulent money circulation schemes, the Ministry of Corporate Affairs (MoCA) will organise an awareness campaign here on Friday to educate investors.
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.
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.
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.
Astha state head detained
Jun 09, 2013
BHUBANESWAR: The Crime Branch (CB) on Friday detained Subhransu Lenka, state coordinator of controversial Astha International Limited, a Surat-based money circulation company, accused of embezzling crores of public deposits in Odisha.
Police plan AT trio, media chiefs face-off
Jun 08, 2013
BHUBANESWAR: Controversial AT Group chief Pradip Sethy and two directors Srikrishna Padhi and Manoj Pattnaik were on Friday taken on five-day police remand for further questioning in the alleged embezzlement of public deposits worth nearly Rs 500 crore.
AT fraud: Media heads plead innocence
Jun 05, 2013
BHUBANESWAR: Some media entrepreneurs and builders, who on Tuesday were interrogated for their alleged links with the Artha Tatwa (AT) Group, washed their hands off the fraud and pleaded innocence.
Curious crowds throng thana
Jun 05, 2013
BHUBANESWAR: The much-hyped fraud by AT Group has stirred public curiosity as it was evident during the interrogation of some influential builders, businessmen and media entrepreneurs, having alleged nexus with the company, at Kharvela Nagar police station here on Tuesday.
AT agents to come under lens
Jun 04, 2013
BHUBANESWAR: After AT Group's top bosses, police have now decided to turn the heat on agents, who lured gullible investors and collected huge amounts. Police sources said AT Group agents were getting the highest commission, nearly 40%, compared to other money circulation companies in Odisha.
Police seal chitfund offices in Odisha
May 30, 2013
Cracking down on ponzy scheme companies, Odisha police said three more offices of Seashore Group were sealed and one of the directors of Artha Tatwa (AT) Group was arrested today, official sources said.
Crime Branch seals farmhouse, branch offices of Seashore Group
May 29, 2013
The Economic Offences Wing (EOW) of the Crime Branch (CB), probing the multi-crore financial fraud by Seashore Group, on Tuesday seized some immovable property of the dubious multi-business conglomerate in Bhubaneswar, Cuttack and Angul.
Ex-director of AT Group held in connection with financial scam
May 28, 2013
Police on Monday arrested a former director of AT Group in connection with the Rs 500- crore financial scam in the money circulation company.
SUV, superbike seized, Sethi back in jail
May 28, 2013
Police on Sunday seized three vehicles, including an SUV and a power bike, owned by AT Group's CMD Pradip Sethi. He was arrested here on May 12 for allegedly running an illegal money circulation business in Odisha.

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