Bhubaneswar: The commissionerate police arrested MD of Sai Pragati Assets and Properties Pvt Ltd., Debashis Mohanty for his alleged involvement in 600 Crore Rupees Land Scam.
According to sources the company had collected more than 600 crore rupees from the public by promising to provide low cost plots, and doubling the deposited amount in two years time. Earlier the company had allotted low cost plots to public. Company had also paid the double amount to some people in two years. Due to this people were attracted towards the company and had invested huge amount of money. Later the company didn’t kept it’s commitments. Large number of cheated people have lodged complain against the company.
On Wednesday evening some cheated depositor spotted the the MD of the company and informed the Police. The police nabbed the culprit near Tamando while he was trying to escape by firing bullets. Police seized a scorpio and a loaded mouser from his possession.