2 Get 5 Years Rigorous Imprisonment For Conning Army Personnel Of Rs 29 Crore

Two persons were awarded rigorous imprisonment for five years in connection with fraud to the tune of Rs 29 crore on false promise of land.

2 Get 5 Years Rigorous Imprisonment For Conning Army Personnel Of Rs 29 Crore

A special chit fund court in Cuttack on Friday sentenced two persons to rigorous imprisonment for five years after convicting them of cheating defence personnel of nearly Rs 29 crore by promising them land.

The court found retired colonel Rakesh Rana, chief of SWO (Sainik Welfare Organization) India and Purna Chandra Panda, managing director of Brookson Infra Private Limited guilty under Section of 420, 406 of Indian Penal Code and Section 6 of Odisha Protection of Interests of Depositors (OPID) Act.