According to Economic Offences Wing police, Selvakumar had duped his customers and lured them with attractive schemes to rear Emu birds. Selvakumar had collected Rs.70,000 from each of his customers on the promise of giving six Emu chicks and 6,000 towards interest.
Coimbatore: The special court here on Friday awarded 10 years of rigorous imprisonment (RI) to Selvakumar, a Emu farm proprietor of Chennimalai near Erode for duping his customers to the tune of Rs.5.56 crores.
According to Economic Offences Wing police, Selvakumar had duped his customers and lured them with attractive schemes to rear Emu birds. Selvakumar had collected Rs.70,000 from each of his customers on the promise of giving six Emu chicks and 6,000 towards interest.
However, he had eloped with investors' money totaling Rs.5.56 crores while the scheme was in progress. Following which one of the duped customers Vijayakumar of Chennimalai preferred a complaint with the Economic offences wing police in September 2013.
A charge sheet was filed and about 150 witnesses testified in the case which was under trial in a special court. Justice Ravi who heard the case sentenced 10 years of RI to Selvakumar, but acquitted the four workers of the said Emu farm including Loganathan and Buvaneshwari.