Latest Realty News

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.
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.
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.
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.
Crime Branch nabs Seashore boss from Mumbai
Jun 20, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of State Crime Branch today arrested controversial Seashore Group’s chairman-cum-managing director (CMD) Prashant Dash from Mumbai.
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.
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.
Odisha Cricket Association to return AT Group's money
Jun 06, 2013
BHUBANESWAR: Odisha Cricket Association (OCA), in trouble for receiving Rs one crore from the dodgy AT Group for some cricket matches, on Wednesday said it is willing to deposit the money with the state government to benefit small-time investors.
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.
Chit fund judicial probe a cover-up act: KV Singhdeo
Jun 04, 2013
BHUBANESWAR: State BJP president KV Singhdeo on Sunday held the government squarely responsible for the chit fund scam and said the judicial commission instituted by the government is a cover-up exercise. He kicked off the third leg of his statewide mass contact campaign from Keonjhar district.
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.
Cops freeze Artha Tatwa accounts
May 25, 2013
BHUBANESWAR: Police on Friday froze 245 accounts of the controversial Artha Tatwa (AT) Group and its arrested CMD Pradip Sethi in 10 banks in the state. However, the volume of deposits in those accounts is being verified.
CBI nets two in gold loan fraud
May 25, 2013
BHUBANESWAR: The Central Bureau of Investigation (CBI) here on Friday arrested suspended manager of Odisha Gramya Bank's Dumduma branch Kalindi Charan Nayak and builder Ratikanta Kanungo in connection with the Rs 13.22 crore fake gold loan fraud.
DFID set to foray into the sector
Apr 10, 2013
Department for International Development (DFID), UK’s funding agency, is all set to foray into affordable housing sector with funding commitment of Rs. 400 crore in the country.
Pocket-friendly homes for all
Apr 10, 2013
BHUBANESWAR: The state government is all set to create 5,000 affordable housing units in the city soon by involving private developers, housing and urban development (H&UD) secretary Injeti Srinivas said here on Tuesday.
Tata Housing forays in Odisha with Ariana
Mar 13, 2013
BHUBANESWAR: Real estate major Tata Housing Development Company today announced the launch of Ariana, Bhubaneswar's first integrated residential complex at Shankarpur.

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