Coimbatore: A special court here sentenced two directors of a country chicken farm at Nambiyur in Erode to 10 years of rigorous imprisonment on Tuesday for cheating 99 investors of Rs 1.55 crore in 2012, while acquitting six other accused of all charges. The court also imposed a fine of Rs 1,65,60,000 on the two convicts.
Police identified the convicts as 32-year-old Karthika, wife of GR Manikandan, and 30-year-old S Prabhu, both natives of Nambiyur in Erode district.
The two had floated a country chicken farm – Healthy Poultry Farms India Pvt Ltd – at Nambiyur in May 2012 and launched two ponzi schemes to lure investors. “In one of the schemes, they promised 500 country chicks, a temporary shed, feeds, a monthly incentive of Rs 8,500 for three years and an annual bonus of Rs 8,500 to the people who invested Rs 1 lakh in the firm. They said the capital investment would be returned at the end of the three-year investment term,” a police officer said.
In another scheme, the officer said, they promised 300 country chicks, a monthly incentive of Rs 8,500 for three years and an annual bonus of Rs 12,000 to the people who invested Rs 1 lakh in the firm. “They, however, didn’t extend any benefits to the investors after collecting money from them.”
In December 2012, the officer said, one of the investors lodged a complaint with the Economic Offences Wing (EOW) sleuths, who registered a case against the directors of the firm and its staff – GR Manikandan, K Sathish alias…

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