Home HEADLINES Odisha builder Tirupati Panigrahi deposits Rs 3.5 crore in SC

Odisha builder Tirupati Panigrahi deposits Rs 3.5 crore in SC


Odisha Sun Times Bureau

Bhubaneswar, Dec 1:

Beleaguered Odisha builder Tirupati Panigrahi embroiled in land fraud case has deposited Rs 3.5 crore in the Supreme Court’s treasury today.

Tirupati Panigrahi
Tirupati Panigrahi

The Hi-Tech Group’s chairman was arrested by the Economic Offences Wing (EOW) of the State Crime Branch on charges of land fraud in 2012.

On February 21, 2014, the apex court granted him conditional bail and asked him to deposit Rs 63.5 crores, to be refunded to duped land buyers.

He had deposited Rs 9 crores recently in November this year, out of the remaining Rs 25.5 crores amount to be refunded to the aggrieved persons who had given money for plots.

Meanwhile, the Crime Branch has informed the court that it will submit the probe report within a week.

The EoW of the state Crime Branch had arrested Tirupati and two directors of the Hi-Tech group— Tirupati Choudhury and Madhusudan Panigrahi— on December 25, 2012 for not providing residential plots to people after taking money from them in 2009.

The probe by the EOW of the Crime Branch had revealed that the Hi-tech Group owed more than Rs 315.96 crore to the investors.