Archive · 6 Jun 2025
Emu Farm MD Gets 10 Years Imprisonment for ₹7.61 Crore Scam
A man named Gurusamy, who ran Susi Emu Farms, was found guilty of cheating investors.
He tricked 385 people into investing in what turned out to be a fake scheme.
He promised them money from emu farming, but it was a Ponzi scheme, meaning he paid old investors with money from new ones.
The court has sentenced Gurusamy to 10 years in jail and ordered him to pay back nearly 8 crore rupees to the investors.
The company had collected over 7.61 crore rupees through the fraudulent schemes.
M.S. Guru, MD of Susi Emu Farms, sentenced to 10 years rigorous imprisonment.
He was found guilty of cheating 385 investors in a Ponzi scheme.
The total amount cheated was ₹7.61 crore.
The court also imposed a fine of ₹7.89 crore.
The scam occurred in 2012 and involved fraudulent emu farming contracts.
- Who
- M.S. Guru (Gurusamy), managing director of Susi Emu Farms (India) Private Limited and 385 investors
- What
- Managing Director of Susi Emu Farms was sentenced to 10 years rigorous imprisonment and fined for cheating investors.
- When
- The sentence was issued on Friday in 2025; the case was from 2012.
- Where
- Coimbatore, Tamil Nadu
- Why
- The MD was found guilty of running a Ponzi scheme disguised as emu farming, cheating investors.
Prosecution
Defense
Guilt
Prosecution
The court found the MD guilty of cheating investors.
Defense
The defense sought a lesser sentence for the MD
- Defendant
- M.S. Guru alias Gurusamy
- Company Involved
- Susi Emu Farms (India) Private Limited
- Number of Investors Cheated
- 385
- Amount Cheated
- ₹7.61 crore
- Sentence
- 10 years rigorous imprisonment
- Fine Imposed
- ₹7.89 crore
- Year of the Scam
- 2012
