Emu firm investors main concern: DRO

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Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsPointing out that protection of investors’ interests was the government’s primary objective, District Revenue Officer (DRO) S Ganesh on Thursday assured that police protection would be provided to the owner of the Perundurai Emu firm, if he came forward to settle the dues of investors.“We are ready to give police protection if the owner comes forward to settle the dues. Withdrawal of the case is in the hands of the investors,” the DRO told journalists here. When asked about a claim by the firm’s lawyer that the officials and members of a dominant caste closed the farm as the owner was an Arunthathiyar, he said, “The firm’s GM contacted the police only after the cellphone of the owner was found switched off after many depositors picketed his office at Perundurai.”Police registered a case against the firm owner only after several depositors lodged complaints, alleging that their dues were not settled. There was no ulterior motive, the DRO said, while adding, “The contention that action was taken against him only because of his caste is also wrong. Our concern is only the poor depositors.” He also dismissed claims that the firm could not settle the investors’ dues as its accounts were frozen owing to the I-T department’s action.“We have found that the firm has just Rs 22 lakh in its accounts. If it has enough funds, let the owner come out openly and settle the dues of investors,” he said.Meanwhile, the Economic Offences Wing (EOW) police received many more complaints against emu firms in the district on Thursday too. A team of officials, led by the Perundurai tasildar, were providing proper care to 8,000 emu birds belonging to the Susi and Queen Emu farms, the RDO informed.first published:August 17, 2012, 10:23 ISTlast updated:August 17, 2012, 10:23 IST
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Pointing out that protection of investors’ interests was the government’s primary objective, District Revenue Officer (DRO) S Ganesh on Thursday assured that police protection would be provided to the owner of the Perundurai Emu firm, if he came forward to settle the dues of investors.

“We are ready to give police protection if the owner comes forward to settle the dues. Withdrawal of the case is in the hands of the investors,” the DRO told journalists here. When asked about a claim by the firm’s lawyer that the officials and members of a dominant caste closed the farm as the owner was an Arunthathiyar, he said, “The firm’s GM contacted the police only after the cellphone of the owner was found switched off after many depositors picketed his office at Perundurai.”

Police registered a case against the firm owner only after several depositors lodged complaints, alleging that their dues were not settled. There was no ulterior motive, the DRO said, while adding, “The contention that action was taken against him only because of his caste is also wrong. Our concern is only the poor depositors.” He also dismissed claims that the firm could not settle the investors’ dues as its accounts were frozen owing to the I-T department’s action.

“We have found that the firm has just Rs 22 lakh in its accounts. If it has enough funds, let the owner come out openly and settle the dues of investors,” he said.

Meanwhile, the Economic Offences Wing (EOW) police received many more complaints against emu firms in the district on Thursday too. A team of officials, led by the Perundurai tasildar, were providing proper care to 8,000 emu birds belonging to the Susi and Queen Emu farms, the RDO informed.