Cop, 3 Others Steal Emu firm Property, Held

Court had ordered auction of the assets and distribute the proceeds to investors

Published: 01st November 2015 06:13 AM  |   Last Updated: 01st November 2015 06:13 AM   |  A+A-

COIMBATORE:Tirupur police arrested four persons, including a police constable, for allegedly stealing property seized from the proprietors of the Well Tex emu farm, who are accused of defrauding thousands of investors.

The firm is accused of cheating investors amounting to crores of rupees. The investors had lodged a complaint with the Economic Offenses Wing in Coimbatore, who seized property from the owners of the company. The seized property was kept inside a warehouse in Veerapandi, Tirupur. The court had ordered the properties to be auctioned off, and the proceeds to be distributed to the investors.

In September, officials opened the warehouse and found that the seized properties which were kept inside had been stolen. An inquiry into the theft was undertaken by the police. During investigations, Tirupur police learned that the brother of the firm's proprietor, Shekar (46) and two others- Senthil Kumar (35) and Vijayakumar (39) had used the help of a police constable, also named Senthil Kumar, had broken into the property and had carried out the theft. Police said that the stolen properties could be worth more than Rs 2 crores.

On Saturday, police arrested all four of the accused, including the police constable, who was traced to Thally, Krishnagiri.

Ex-dean of College

Accused of Fraud

The trustee and correspondent of a private arts and science college submitted a complaint to the Economic Offenses Wing police recently against the former director of the college, alleging that he had embezzled crores of funds belonging to the college.

The complainant K S Geetha accused the former director, K Vijayaraman of embezzling the term fees of over a thousand students. Vijayaraman was with the college as a dean for the last eight years, and was a director for eight months after. He is said to have stopped coming to college since late September. Three college principals are also said to be involved in the impropriety.

Former Employees Booked for Theft

Podanur police has registered a case of theft against two men who stole computers, a mobile phone and a car, in all worth Rs 6 lakh, from their former employer.

The accused were identified as R Senthil Kumar of Madukkarai Market Road and S Balakrishnan. They were former employees at a textile spares manufacturing company run by the complainant, S Thiyagu (35) of NSN Palayam. Senthil Kumar was the deputy manager while Balakrishnan was a fellow employee. Senthil is alleged to have stolen the company property mentioned above and handed them over to Balakrishnan, who then started his own company. The thefts are said to have occurred between March and October this year.

Two Rob Hawker at Knifepoint

Police have registered a case against two men who allegedly threatened a 30-year-old street vendor at knifepoint, and stole a mobile phone as well as cash from him, at the State Bank Road Bus Stop, near Coimbatore Railway Junction on Friday.

The complainant, P Sivalingam sold fancy items from a small stall in front of the bank. On Friday, two men, G Manikandan alias Gundu Manikandan (38) from Puliyakulam, and K Maheshwaran (28), a native of Madurai approached Sivalingam, threatened him at knifepoint, and stole a mobile phone and nearly Rs 1,200 in cash.

Based on his complaint, Race Course police registered a case under section 392 (robbery) of the Indian Penal Code. Police arrested the two accused, who were remanded to judicial custody at the Coimbatore Central Prison.

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