Bhubaneswar: The Commissionerate Police on Monday arrested Saikrupa real estate company MD Subhendu Nayak on charges of duping people of lakhs of rupees.
The firm had taken lakhs of rupees from many persons promising to provide them plots at different places. As it didn't give land, affected people filed a police complaint. Since then the police were conducting investigations.
A special squad of the Commissionerate police arrested Nayak from his residence in the city, according to reports.