Odisha: Hi-tech Group Properties to be Confiscated Orders State Government

Bhubaneswar: After the Economic Offences Wing (EOW) of the Odisha Crime Branch had seized the properties of the Hi-Tech Group and recommended confiscation, the Finance department of the Odisha State government on Wednesday ordered the confiscation of properties belonging to the Hi-Tech Group in connection with fraud committed in land deals.

Among the properties seized are the Hi-Tech group’s corporate office at Sahid Nagar, the medical and dental college which the group runs and acres of land that belong to the group in various places in Bhubaneswar. The group had already deposited Rs 63 crores at the Supreme Court which got the Hi-Tech group chairman released on bail. Today’s confiscation as sources reveal is valued at around Rs 100 crores.

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