The Commissionerate Police on Sunday arrested the managing director of a city-based real estate company in connection with `5-crore land fraud.
According to sources, Nayapalli police arrested Arakta Das (38), MD of the Arohan Infrastructure Private limited. He had developed a number of plots in and around the city but, in the process, fraudulently occupied the land located adjacent to these plots.
Sources said in 2010 Das had bought a plot in Kalarahanga mouza near Patia and allegedly occupied 1.5 acres of adjacent land by producing fake papers.
The matter came to light after the owner of the encroached land Surendranath Chami, of the same mouza, lodged a complaint with Mancheswar police station about the fraud and produced hard evidence in his support.
Earlier in 2014, the Mancheswar police had too nabbed Das.