TN govt to auction abandoned emus

12,000 emus were left in the lurch by 21 farms

Image
BS Reporter Chennai
Last Updated : Oct 09 2012 | 12:18 AM IST

The Tamil Nadu government is planning to auction emu birds abandoned by 21 companies in and around Erode and Salem districts.

About 12,000 emus were left unattended in farms in the Erode-Salem belt after farm owners took flight following government-ordered raids on illegal investment schemes such as buybacks and circular trading being run around the birds. The scam had resulted in thousands of depositors losing a total of about Rs 1,000 crore.

Government sources said the decision to auction the birds would be announced at the special court dedicated to cases under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act. After the court’s approval, the animal husbandry department would carry out the auction and the proceeds distributed to depositors. Sources said the department had sought Rs 3 crore from the government to feed these birds.

Tamil Nadu Chief Minister J Jayalalithaa had earlier released Rs 1 crore towards feed for the birds. To maintain the emu farms, the government has also arranged for local labour through village panchayat presidents and local body officials on an ad hoc basis. A report quoting the animal husbandry department stated the cost of maintaining 12,145 birds was Rs 1.13 crore a month. The cost of 50 tonnes of bird feed is about Rs 11 lakh, while Rs 3.5 crore is required to maintain these farms for three months. The department plans to rear the birds in these farms till they are auctioned, the sources added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 09 2012 | 12:18 AM IST

Next Story