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Hi-tech Medical College land attached by govt in an alleged property fraud

Hi-tech Medical College land attached by govt in an alleged property fraud

State Finance Department issues ad-interim attachment order in respect of properties of Hi Tech Group of Companies.

The Odisha government today issued an ad-interim order for attachment of the properties of a business group in connection with the multi-crore land scam case levelled against it. The Government is reported to have decided to confiscate the properties following which proceedings for making the temporary attachment absolute would be taken and losing public would be proportionately refunded.

The properties attached include land to the extent of 146 acres for various projects of company and Hi Tech Medical College, dental college, college & hospital, Physiotherapy college, four buildings including the corporate office of the firm here in city, 53 bank accounts with a cumulative deposit over one crore reports OdishaTV. It is estimated that current market value of the properties to be attached will run into few crores, an official said.

The state government issued the order based on the proposal of the Economic Offence Wing (EOW) of the Crime Branch of Odisha Police which was probing into the land scam. The EOW had earlier registered five cases againast Tirupati Panigrahi, Tirupati Chodhury and Madusudan Panigrahi, respectively the managing director and directors of Hi-Tech Group of companies, on charge of cheating large number of depositors by making false promise of providing plots in various schemes in and around Bhubaneswar, the official said.

During December 2012, the three accused persons were arrested and released from jail after February 2014 under the orders of the Supreme Court.

The accused deposited over Rs 63 crore in the registry of the Apex Court as gurantee for the bail.

The court subsequently transferred the amount to the designated court, Cuttack constituted under the OPID Act, 2011.

With the attachment of properties of Hi-Tech Group of Companies and transferred of over Rs 63 crore, proceeding will commence shortly for making the ad-interim attachment order for proportionate distribution among the allegedly cheated depositers undet the orders of the designated court, the statement said.

Read Also : SC cancels MBBS admissions to Hi-Tech Medical College

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