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MD of emu farm gets 10-yr jail for ₹7cr Ponzi scam
The New Indian Express Chennai
|June 07, 2025
A SPECIAL court for cases under the Tamil Nadu Protection of Interests of Depositors (TNPID) Act in Coimbatore on Friday sentenced the managing director of an emu farming company to 10 years of rigorous imprisonment for defrauding 385 investors to the tune of ₹7.61 crore.
The convict, MS Guru alias Gurusamy (46), was the managing director of Susi Emu Farms India Private Limited, headquartered at Perundurai in Erode district. He resided at Sakthi Nagar in Kunnathur, Perundurai. Special Judge M N Senthil Kumar handed down the sentence to Guru following a decade-long trial.
Dit verhaal komt uit de June 07, 2025-editie van The New Indian Express Chennai.
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