The Economic Offences Wing (EOW) of the State Crime Branch on Friday arrested real estate firm Brookson Infrastructure Private limited managing director Purna Chandra Panda from his office in the city on the charge of fraud to the tune of Rs35 crore.
Crime Branch SP Rajendra Patnaik informed the media that the accused had duped Rs35 crore from Defence personnel promising them to provide land in the Chandaka area of Khordha district.
The SP said Panda had opened an office at Chandrasekharpur here and collected the money from the Defence personnel through a scheme called ‘Sainik Welfare Organisation India’. later, the firm didn’t provide land or returned money to its 544 customers.Failing to get the land, the customers had lodged a complaint at the EOW. The EOW would interrogate Panda on the transaction, said officials.