Emu farm owner arrested in Erode district

Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsA private emu farm owner in Erode district, who allegedlycheated a large number of people of crores of Rupees by promising themlucrative returns on investments in commercial rearing of the bird, wasarrested today.M S Guru, owner-cum Managing Director of Susi Emu Farm, wasarrested from Hogenakkal, about 60 kms from here by the Economic Offences wingof Tamil Nadu police.Police said cases under IPC sections 420 (cheating), 406(criminal breach of trust) and 120B (conspiracy) were registered against Guruand some others, on complaints from investors.A court in Erode district had last month rejected Guru'santicipatory bail plea.Guru, his family members and some officials of the firm hadbeen absconding since last month after a large number of investors filedcomplaints with police stating that the farm had not been paying them monthlypayments as promised.They said they had invested huge amounts in the farm afterbeing assured a monthly income of over Rs 6,000 per investor.first published:January 01, 1970, 05:30 ISTlast updated:January 01, 1970, 05:30 IST
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