Did Odisha EOW Arrest a BJD Leader in a Rs 12.42 Crore Fraud Case?
Click to start listening
Synopsis
In a shocking turn of events, the Economic Offences Wing of Odisha Police has arrested a BJD leader linked to a massive fraud case involving Rs 12.42 crore. The allegations reveal deceptive practices in the real estate market, raising concerns about political accountability.
Key Takeaways
- Significant Fraud Case: A total of Rs 12.42 crore involved.
- Political Implications: BJD leader's arrest raises questions about political accountability.
- Investigation Findings: Multiple fraudulent transactions uncovered by EOW.
- Seized Evidence: Important documents related to the case were confiscated.
- Public Awareness: Highlights the risks involved in real estate investments.
Bhubaneswar, Sep 20 (NationPress) The Economic Offences Wing (EOW) of Odisha Police has apprehended a leader from the Biju Janata Dal (BJD) over accusations of defrauding an individual of Rs 12.42 crore under the guise of investing in the real estate sector and acquiring land in Bhubaneswar and Cuttack.
The alleged perpetrator is Dillip Kumar Nayak, residing in Jhanjiri Mangala, which falls under the jurisdiction of the Badambadi police station in Cuttack.
Dillip contested in the previous Assembly elections in 2024 as a BJD candidate for the Nimapara constituency, opposing Deputy Chief Minister Pravati Parida.
According to the case details, the complainant, Bijay Kumar Rout, hails from the Ranihat Malisahi locality in Cuttack and initially filed a complaint at the Badambadi Police Station.
The EOW subsequently took over the case and registered a formal complaint on September 19.
Bijay accused Dillip of misleading him into entering a joint real estate venture that involved investments in land purchases.
During the investigation, the EOW found that between 2015 and 2017, Dillip Nayak had collected Rs 3 crore from Bijay on various occasions under the pretense of real estate investments.
In 2018, Dillip allegedly acquired another Rs 4 crore from the victim, promising to provide a plot of land at Bajrakabati in Cuttack.
However, Dillip did not fulfill his promise to deliver the plot.
He then persuaded Bijay to invest in a superior piece of land at Patia, fraudulently extracting an additional Rs 3.42 crore for this transaction.
Moreover, Dillip took Rs 3 crore from Bijay, including Rs 1 crore from his wife, for the formation of a company.
Investigations revealed that Dillip only returned Rs 1 crore to the complainant, leaving the remaining amount unpaid.
In 2021, he allegedly misled Bijay into investing Rs 3.5 crore for the acquisition of 5 acres of land at Trisulia in Cuttack.
However, Dillip deceitfully registered himself as a co-owner of the property and later sold 2.5 acres without notifying Bijay.
During a search at Dillip's residence, the EOW seized numerous incriminating documents, including sale deeds, Power of Attorney forms, and agreements in various names, along with bank account records.
Point of View
We observe that the arrest of a BJD leader by the Economic Offences Wing underscores the need for transparency and accountability in political dealings. This case serves as a reminder of the potential pitfalls in the intersection of politics and business, highlighting the importance of due diligence and vigilance in investment practices.
NationPress
20/09/2025
Frequently Asked Questions
What charges were filed against the BJD leader?
The BJD leader has been charged with defrauding an individual of Rs 12.42 crore under the pretext of real estate investments.
Who is the complainant in this case?
The complainant is Bijay Kumar Rout, a resident of the Ranihat Malisahi area in Cuttack.
What was the EOW's role in this case?
The Economic Offences Wing (EOW) took over the case from the Badambadi Police Station and registered a formal case on September 19.
How much money did Dillip Nayak allegedly take?
Dillip Nayak allegedly took a total of Rs 12.42 crore from the complainant through various fraudulent schemes.
What evidence was seized during the investigation?
The EOW seized several incriminating documents, including sale deeds, Power of Attorney forms, and bank account records from Dillip's residence.
