Watch notice issued against the director of a real estate company in Bhubaneswar
Bhubaneswar: The Bureau of Immigration (BoI) has issued a surveillance circular against Manoj Kumar Panda, Director of Odyssa Homes & Commercials Pvt Ltd in the capital of Odisha.
The BoI issued the notice at the request of Economic Offenses Wing (EOW), Bhubaneswar, which mentioned that Manoj was absconding after opening an investigation into a fraud case against the property company.
The EOW had registered the case on the basis of a complaint filed by Ranjan Kumar Mohapatra, an employee of TCS, alleging that the directors of Odyssa Homes & Commercials had duped him and many other investors to the tune of Rs 20 crore on the pretext of providing them with conflict-free apartments in his apartment project, “Ganapati Homes”, located in Sampur near Kalinga Studio in Bhubaneswar.
During the investigation, the EOW found that the directors of the company raised around Rs 20 crore from 42 investors from 2013 to 2016 to provide them with full flats in their project by 2018 and the agreements and necessary memorandums of understanding have also been signed in this regard.
But no apartment has been allocated to any of the investors. On the contrary, in order to deceive the investors, the managers of the company knowingly prolonged the process of handing over the land and even resold seven apartments to other customers. The company had deceived other investors in different projects and deliberately made several transactions on the apartments after receiving a substantial amount with criminal intent.
It was also found that criminal proceedings have been registered in different police stations and complaints lodged with the competent courts against the company’s managers. Manoj ran all the affairs of the company and deceived many investors in their various projects in the name of giving away apartments/land.
Manoj is one of three directors of Odyssa Homes and Commercials while Arabindo Santra is the managing director. Arabindo has already been arrested and is in custody. The other two directors Manoj and Saroj Panda are on the run.
It should be noted that the surveillance circular is usually issued to alert immigration checkpoints at airports/seaports to inform law enforcement if the person sought is attempting to leave the country or enter. arriving in the country from abroad.