Latest Realty News

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
CB proposes Govt for Seashore assets liquidation
Nov 12, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Seashore Group’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.
HC rejects realtor's bail
Aug 01, 2013
CUTTACK: The Orissa high court on Tuesday rejected the bail application of realtor Tirupati Panigrahi and two of his associates, who were arrested in December last year for allegedly duping land buyers of crores of rupees.
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.
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.
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.

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