A large number of investors in a Tirupur-based agro farm and poultry hatchery firm submitted a petition to Collector G. Govindaraj stating that they were duped by the company owners to the tune of Rs. 3.27 crore.

Petition

T. Ramesh (36), one of the petitioners hailing from Dharapuram, said that a total of 218 investors from Tirupur, Coimbatore, Erode and Dharmapuri districts, mostly from agrarian community, were forced to submit a petition to the Collector as the Economic Offences Wing (EOW) officials in Coimbatore did not register a case despitelodging a complaint a month ago.

Modus operandi

According to the investors, the company lured them by giving advertisements in leading Tamil dailies stating that for every investment of Rs 1.5 lakh the customers will be given chickens to rear and a monthly ‘salary’ of Rs. 10,000 .

“As per the promise, the promoters of the firm will take away the country fowls once it attains 2 to 3 kg of weight,” they said.

After three years, the capital investment would be returned to the investors, which mean that the monthly salaries received during the years were the bonanza in the scheme.

“The company, run by a couple, even entered into a ‘joint venture agreement’ with us in June but most of them are yet to get even the country fowls leave alone the ‘salaries’ promised by them,” said Kaliappa Gounder, one of the investors.

Action

District Collector Mr. Govindaraj forwarded the petition to the police asking them to take quick action on the grievances.

The district police officials later on the day told the investors that the petition would be forwarded to EOW in Coimbatore with the instruction of Collector attached to it for appropriate and swift action.

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