BHUBANESWAR: An engineer with the East Coast Railway was arrested on Tuesday for duping his friend of Rs 18 lakh. Prakash Chandra Subudhi, a senior engineer (electrical) with ECoR, had taken the money from Saroj Malia, a resident of Kapileswar, to invest in a Nalco project. Neither did the project had taken shape nor did Subudhi return the money to Malia.The railway engineer had a private firm called Indus Pvt Ltd in IRC Village of the City. Although he cannot be part of a private enterprise, Subudhi was its managing director. Police said he had convinced Malia to invest saying he had bagged a contract from Nalco for ash pond development. He had projected high returns on the investment.In February 2010 when Malia gave the money to Subudhi, the former was assured of a double return on his investment in six months. However, even after a year, nothing came in Malia’s way. Since the Nalco project never took off and Subudhi did not return his money, he lodged a complaint with Nayapalli Police.The police raided the office of Subudhi and seized important documents. Police are trying to locate some of the staff to understand the dealings of the firm.
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