Office of Hi-Tech Group sealed in Odisha

Image
Press Trust of India Bhubaneswar
Last Updated : May 25 2013 | 10:57 PM IST
The corporate office of the real estate company, Hi-Tech Group, in Odisha was sealed by the crime branch police in an alleged land fraud case.
"We have sealed the head office to protect the interest of the people who have deposited money in the Hi-Tech Group," Crime Branch DIG Rajesh Kumar said.
He said depositors would be entitled to get some returns of their investment through liquidation if a new law was enacted.
Hi-Tech Group lawyer P Sahu termed as illegal the sealing of the office.
"How can the agency seal the office without the court's permission when the matter is sub-judice?" the lawyer asked.
The DIG said the sealing of the office was part of the investigation.
The Crime Branch had on December 25 last year arrested the chief of the company, Tirupati Panigrahi and two of his associates, Tirupati Choudhury and Madhusudan Panigrahi for allegedly duping land buyers of their money.
Three of them are still in judicial custody.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 25 2013 | 10:57 PM IST

Next Story