Odisha EOW Arrests BJD Leader in Rs 12.42 Crore Real Estate Fraud Case
The Economic Offences Wing (EOW) of Odisha Police has arrested a Biju Janata Dal (BJD) leader, Dillip Kumar Nayak, for allegedly duping a person of Rs 12.42 crore in a real estate investment scam.
Real EstateFraudOdishaBjdEowReal EstateSep 21, 2025
Dillip Kumar Nayak, a resident of Jhanjiri Mangala under the jurisdiction of Badambadi police station in Cuttack, is the prime accused in this case. He had contested the 2024 Assembly elections from the Nimapara constituency as a BJD candidate, running against Deputy Chief Minister Pravati Parida.
The complainant, Bijay Kumar Rout, a resident of the Ranihat Malisahi area in Cuttack, initially lodged a complaint at the Badambadi Police Station. The case was subsequently taken over by the EOW, which registered a formal case on September 19. Bijay alleged that Dillip had cheated him by inducing him to enter into a joint real estate business and invest in land purchases through him.
According to the EOW's investigation, between 2015 and 2017, Dillip Nayak had taken Rs 3 Crore from Bijay on different dates, purportedly for investment in the real estate business. The complainant claims that despite making these payments, he did not receive any returns or documentation of the land purchases as promised.
The EOW's swift action in this case highlights the seriousness with which the authorities are treating financial crimes, especially those involving political figures. The arrest of Dillip Kumar Nayak sends a strong message that no one is above the law, and the EOW is committed to bringing justice to victims of fraud.
The BJD, a prominent political party in Odisha, has not yet commented on the arrest. However, the party's leadership will likely face questions about the conduct of its members and the measures in place to prevent such incidents. The EOW is continuing its investigation to gather more evidence and ensure a thorough legal process.
This case is a stark reminder of the importance of due diligence and caution when entering into financial agreements, particularly in the real estate sector. Investors are advised to verify the credentials and track record of individuals and entities they plan to do business with, to avoid falling victim to similar scams.
Frequently Asked Questions
Who is Dillip Kumar Nayak?
Dillip Kumar Nayak is a Biju Janata Dal (BJD) leader from Odisha who was arrested by the Economic Offences Wing (EOW) for allegedly defrauding a person of Rs 12.42 crore.
What is the nature of the fraud?
The fraud involved Dillip Kumar Nayak allegedly taking Rs 3 Crore from Bijay Kumar Rout between 2015 and 2017, on the pretext of investing in the real estate business and purchasing land in Bhubaneswar and Cuttack.
Who is the complainant in this case?
The complainant in this case is Bijay Kumar Rout, a resident of the Ranihat Malisahi area in Cuttack, who initially lodged a complaint at the Badambadi Police Station.
When was the case registered by the EOW?
The EOW registered a formal case on September 19, after taking over the investigation from the Badambadi Police Station.
What is the role of the Economic Offences Wing (EOW) in this case?
The Economic Offences Wing (EOW) of Odisha Police is responsible for investigating financial crimes and ensuring that justice is served. In this case, the EOW took over the investigation and made the arrest of Dillip Kumar Nayak.
Related News Articles
Tata Curvv to Challenge Creta Dominance with CNG Variant Launch
Tata Motors hints at launching a CNG variant of the Tata Curvv, set to rival the Hyundai Creta in the mid-size SUV segment.
Sattva Group Expands its Footprint in Mumbai and Pune
Bengaluru-based real estate developer Sattva Group is pursuing multiple projects in Mumbai and Pune, with a focus on premium-luxury residential and commercial developments.
Tirumala Trust Chief Clarifies: Waqf Board Not a Real Estate Company
In response to controversial statements made by Owaisi, the chief of the Tirumala trust has clarified the role of the Waqf Board, emphasizing it is not a real estate company.
Man Infraconstruction Eyes Strategic Consolidation in US Real Estate Market
Man Infraconstruction, a leading real estate company with a presence in Miami, Florida, is planning significant consolidations in the US market to bolster its portfolio and strengthen its market position.
Kalpataru Group Secures Sebi Approval for Rs 1,590 Crore IPO
The prominent real estate developer Kalpataru Group, known for its extensive presence in the Mumbai Metropolitan Region (MMR), has received clearance from SEBI to launch its IPO.
Chandigarh Police Arrests Real Estate Firm MD After Four-Year Hunt
Chandigarh: The PO and Summon Cell of UT police finally arrested the director of a prominent real estate firm after a four-year manhunt. The arrest came as a significant breakthrough in the ongoing investigation.