Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police has arrested Biju Janata Dal (BJD) leader Dillip Kumar Nayak in connection with a cheating and forgery case involving over Rs 12.42 crore.
Sources said Nayak, a resident of Jhanjiri Mangala in Badambadi area of Cuttack, was picked up by the EOW on Friday following a raid at his place.
EOW said in a statement on Saturday that the arrested accused is going to be produced before the designated court under OPID Act in Cuttack shortly.
The action was taken following a written complaint of Bijay Rout of Ranihat Malisahi, Cuttack, against Nayak for inducing him to do real estate business jointly, and to invest in the land purchase through him. Believing him, the informant paid him Rs 7.42 crore to purchase the land in the name of the informant in Pandara area Bhubaneswar.
Again, the accused took Rs two crore from the wife of the informant. The accused has also entered into three agreements in that regard executed between them on September 1, 2020. But instead of purchasing the land in the name of the informant, the accused purchased in his name. Following this, the informant asked the accused to return the money. After repeated approach, the accused executed three agreements with the informant in which he undertook to pay back Rs 7.42 crore or otherwise give land in lieu of the money.
Subsequently, Nayak gave 35 cheques for Rs 10.5 crore but while some of those cheques were dishonoured by the bank due to insufficient fund, some others due to mismatch of signature. The accused had deliberately altered his signature so that the cheques would be dishonoured by the bank, it was alleged.
Investigation made so far revealed that during 2015-2017, accused Dillip Nayak had taken Rs three crores from the informant Bijay for investment in business. During 2018, the accused took Rs four crore from the informant to provide land at Bajrakbati in Cuttack but could not do it.
He again induced the informant to give a better land at Patia and fraudulently again took Rs 3.42 crore as the additional cost of the land. Besides, the accused took Rs three from the informant including Rs one crore of his wife to form a company. Again in 2021, the accused induced the informant to purchase 5 acres of land at Trisulia by taking for Rs 3.5 crore from the informant but deceitfully became the joint owner of the land. He even sold out 2.5 acres land from that clandestinely without knowledge of the informant.
During investigation, the house of accused was searched in which many incriminating documents like sale deeds, power of attorney, agreement to sale, in the name of different persons, bank accounts etc. were recovered. The recover documents are under scrutiny. Investigation of the case is underway, the EOW added.