Rs5-crore fraud: Builder arrested in Baleswar

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On the charge of duping customers the Sahadevkhunta police after arresting a builder have forwarded him to court on Thursday. After rejection of his bail petition, he was taken on remand by the police for further investigation.

The accused was identified as Chandrakant Rai Samant Singhar alias Nilu (43), a native of Bomikhal under laxmisagar police station limits. He allegedly duped his clients of more than Rs5 crore in real estate business.

The police took him into custody on the compliant one Priyadarshi Das, who alleged that he was cheated by Chandrakant.

He alleged that he had taken two flats for Rs94 lakh which was built near Fakir Mohan Golai after agreements but later on learnt that the builder Chandrakant had taken advances from other clients against the same flats, whose papers were with him.

The police said another 14 customers lodged complaints against him with similar allegations.

“He has been forwarded to court after being booked under sections of cheating and forgery besides Odisha Protection on Interests of Depositors (OPID) Act,” said the investigating officer, Abhimanyu Das.

The accused took the land near FM Golai from a woman and shifted her to a rented house promising her that he would extend 32 per cent of the profit  after building the flats and selling them.

Daily Pioneer
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