Tirupur: The district administration has taken up an initiative to sell a assets of a poultry farm proprietor in Udumalpet because it was once proved that he had cheated 113 people of Rs 1.32 crore by means of promising 'top' returns in nation chicken rearing rip-off.
The motion was once taken as directed by means of the particular courtroom for Tamil Nadu Protection of Interests of Depositors (in monetary institutions) Act, Coimbatore.
A few years ago, loads of people from quite a lot of districts deposited their cash in Sandya Poultry Farms, Udumalpet, and established nation chicken farms as guided by means of the company, which promised them 'top' returns. But the company did not provide the returns as promised and cheated them.
As many as 113 depositors lodged complaints against the company proprietor M Murugavel sooner than Economic Offenses Wing (EOW) police. The case was once attempted sooner than the Coimbatore particular courtroom for TNPID Act.
The courtroom directed the district administration to sell homes of Murugavel in public auction to get better the cheated cash. The district administration has taken steps to sell his area in the first phase, stated a income respectable.
The 1,050 sqft assets will come for public auction on December 14 at the collectorate under the supervision of district income officer S Prasanna Ramasamy. Rs 13.four lakh has been fixed as the fundamental value for the house in Udumalpet as in line with executive tenet price, stated the respectable.
Interested bidders can take part by means of paying deposit and submitting utility sooner than the income authorities concerned. The recovered cash will be deposited in the bank account of the particular courtroom. The particular courtroom will come to a decision on distributing it to the sufferers, he added.
The motion was once taken as directed by means of the particular courtroom for Tamil Nadu Protection of Interests of Depositors (in monetary institutions) Act, Coimbatore.
A few years ago, loads of people from quite a lot of districts deposited their cash in Sandya Poultry Farms, Udumalpet, and established nation chicken farms as guided by means of the company, which promised them 'top' returns. But the company did not provide the returns as promised and cheated them.
As many as 113 depositors lodged complaints against the company proprietor M Murugavel sooner than Economic Offenses Wing (EOW) police. The case was once attempted sooner than the Coimbatore particular courtroom for TNPID Act.
The courtroom directed the district administration to sell homes of Murugavel in public auction to get better the cheated cash. The district administration has taken steps to sell his area in the first phase, stated a income respectable.
The 1,050 sqft assets will come for public auction on December 14 at the collectorate under the supervision of district income officer S Prasanna Ramasamy. Rs 13.four lakh has been fixed as the fundamental value for the house in Udumalpet as in line with executive tenet price, stated the respectable.
Interested bidders can take part by means of paying deposit and submitting utility sooner than the income authorities concerned. The recovered cash will be deposited in the bank account of the particular courtroom. The particular courtroom will come to a decision on distributing it to the sufferers, he added.
House of poultry farm scamster to be auctioned
![House of poultry farm scamster to be auctioned]()
Reviewed by Kailash
on
December 01, 2017
Rating:
