Latest Realty News

ED attaches Rs 84 crore worth property of Seashore
Jan 10, 2015
Bhubaneswar: The Enforcement Directorate (ED) attached properties of chit fund scam-tainted Seashore Group
ED spots Seashore land in Sambalpur
Jan 01, 2015
BHUBANESWAR: Officers of the Enforcement Directorate (ED) located land worth more than Rs 1 crore belonging to the Seashore Group
ED attaches Rs 158 Cr. Seashore property
Dec 04, 2014
BHUBANESWAR: A week after attaching Rose Valley Group's Rs 295 crore bank balance, the Enforcement Directorate (ED) attached Seashore Group's assets worth over Rs 158 crore
Land of 3 Ponzi companies seized
Nov 01, 2014
BHUBANESWAR: Khurda district administration confiscated properties of four Ponzi firms in Khurda and Tangi tehsils
Enforcement directorate plans to attach Seashore property
Oct 31, 2014
BHUBANESWAR: The enforcement directorate (ED) is planning to re-attach the Seashore Group's properties, which were earlier seized by the Crime Branch
EOW Proposes to Attach Assets of Two Chit Fund Companies
May 02, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Saturday proposed for attachment of assets of two chit fund companies which had been booked for running illegal money circulation schemes in the State.
Govt attaches properties of 'cheat' fund company
Jan 21, 2014
BHUBANESWAR: The state government has ordered attachment of properties of Flourish Development India, which is accused of misappropriating nearly Rs 100 crore of over 5,000 investors in the state.
EOW Submits Proposal for Attachment of Safex Properties
Jan 21, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of the Crime Branch on Saturday submitted before Finance Department the proposal for attachment of properties of Safex Group of Companies which has been charged with cheating investors.
Odisha orders property attachment of Saradha, Seashore Groups
Dec 09, 2013
BHUBANESWAR: Odisha government has issued an interim order for the attachment of properties of Kolkata-based ponzi scheme firm Saradha Group and the state-based Seashore Group of companies which allegedly duped investors of crores of rupees.
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.
Government misleading people on chit fund scam probe: BJP
Sep 12, 2013
BHUBANESWAR: The BJP on Wednesday slammed the State Government for misleading people on the agencies investigating into the multi-crore chit fund scam.
Opposition seeks white paper on chit fund
Aug 23, 2013
BHUBANESWAR: The assembly on Thursday witnessed noisy scenes over the chit fund scam with the opposition parties demanding a white paper on it.
Chit fund panel extends affidavit filing deadline
Aug 22, 2013
CUTTACK: The Justice R K Patra Commission of Inquiry, probing into the multi-crore chit fund scam in the state, on Wednesday extended the deadline for submission of compliants before it by 18 days.
Pyari for CBI probe into chit fund scam
Aug 05, 2013
BHUBANESWAR: Rajya Sabha member and president of Odisha Jana Morcha Pyari Mohan Mohapatra on Saturday reiterated his demand for a CBI probe into the multi-crore chit fund scam.
Chit fund scam: Justice Patra to hold prelim hearing from Sept 6
Aug 03, 2013
BHUBANESWAR/CUTTACK: RK Patra, retired Chief Justice of Sikkim High Court and former Chairman of Odisha Human Rights Commisssion, probing the multi-crore chit fund scam in the state will start hear­ing of the case from September 6.
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.
‘Sachin has failed to handle chit fund scam’
Jul 20, 2013
BHUBANESWAR: Being the Union Minister of Corporate Affairs, Sachin Pilot has failed in his responsibility to regulate and monitor the chit companies as most of them had obtained registration from the Ministry of Corporate Affairs. It was his responsibility to save the investors’ money,” alleged State BJP spokesperson Sajjan Sharma on Friday.
‘Chit fund: Centre to cooperate if State wants CBI probe’
Jul 20, 2013
BHUBANESWAR: Union Corporate Affairs Minister Sachin Pilot on Friday said if the Odisha Government requests for a CBI inquiry into the chit fund scams in the State, the Union Government would be ready to help.
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.
Naveen Patnaik shielding AT Group chief: Pyarimohan Mohapatra
Jul 14, 2013
BHUBANESWAR: Odisha Jan Morcha chief Pyarimohan Mohapatra on Saturday accused Chief Minister Naveen Patnaik of protecting controversial Artha Tatwa (AT) Group chief Pradeep Sethy.
Street play creates awareness on chit funds
Jul 11, 2013
BHUBANESWAR: In the wake of the large-scale chit fund scams by various fraudulent agencies and organisations in the State, the Vandemataram group on Tuesday staged a street play here at the Master Canteen Square appealing to the people not to go by the tall promises of the chit fund companies and save their money in legal agencies following proper verification.
Opposition sees poll stunt in fund balm
Jul 11, 2013
BHUBANESWAR: The ruling BJD announcing a Rs 300 crore corpus fund to help victims of the mega chit fund scam has raised several eyebrows, with the opposition dubbing it as an 'election gimmick' and reiterating its demand for a CBI probe to unravel the truth.
Reality check for realty sector
Jul 09, 2013
BHUBANESWAR: In a worrying trend for realtors, housing prices in the city has stagnated at pre 2009-2010 level. Several factors, including supply exceeding demand and eroding people's trust on developers due to series of scams are to blame, industry watchers said.

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