[Resolved]  City Limouzines — financial fraud

To All riding on the fantasy train known as "City Limo Ltd",

They say there are no shortages of in the world. Its true. I can say this about all investors in CL.
If you expect ROI of 48% in todays financially challenged world - Only fantasy can provide it. And fantasies often come to an abrupt end.

Wake up now and start investing in RBI, SEBI approved financial institutions and investments. Dont expect stupd or vulgar ROI on any investments. ROI o[censored]pto 10%-20% is achievable today.

Forget your lossess in CL. It was bound to happen today or tomorrow. You all knew there was an element of risk, Dont you?? It gone now forever. I know iam speaking hard. But atleast iam honest.

Best regards ... Rajesh Altekar

I ABDUL JABBAR invested Rs1, 41, 010 {Rs 1, 09, 000 in City Realcom Limited and Rs 32, 010 City Co-operative Credit Society Ltd Mumbai} . I have my receipts with me.

I was promised by Mr. Azeez Khan {Regional Director City Limouzines (INDIA) Ltd & City Realcom Limited} that I would receive an agreement within 15 days from th date of deposit i.e, 12/8/2009. I got to know through newspaper that an investor complained against the company from Bombay. Nobody called me, I did not receive any mail through post either. When I went to the office in Sheshadripuram Mr. Azeez promised me that my money is safe and it'll be returned back to me(the entire amount). My relatives who have already invested and received the documents have got a post from the company however, I did not receive anything.

I have been informed by my relative that they have received a mail from the company which says that they've a meeting on 14th Oct 2009 and by 15th Oct 2009 it'll be confirmed that we would receive our money.

I'm retired now and I invested my whole life's earnings into this. I'm totally broke and I don't have any earnings. I kindly request the company to return my entire money which I've invested.

hi,
To you all please solve this problem i m from Delhi and my hole family invest in this company last year
we are so confuse because either come bad but not good so we are not feel secure.
If any one got good news so please mail me. It's precious for us.

Dear All

I had invested in this company about 13 months back and ive recovered more than half the amount and ive got a loss of abt rs 50, 000 .. its not a small amount for me but nt a huge amoount either.. the day i had invested in this company i had thought that the co. will close anytime . i was hopeful of recovering my amt .. how cud a co. survive by giving 60% returns .. why wudnt someone list his company or take a loan rather than giving 60 % to general public.. The company had shut down its operations .. please do not keep any hopes that anyone would even get a single penny ( atleast i do not have anyhopes).. please go ahead with your lifes as normal and stop crying .. please beawre of similar companies such as AURUM, MCL. Naik Ventures, GCL, YES CUBE, etcc and a lot more companies comiong up
PH..[protected]

the company is under intense shortage of fresh investors, their outgo is more than in, so company tried to run away in otherways saying all the interferences of the FERA and EOW, and finally they played with investor to cooldown slow and steadily with the reason of high court order. the Final is
the company is on final phase of cheating the poor people who blindly had faith on them and invested within last 20 months before. they have to cry and cry all the way to get the money, or be ready to suicide themself in otherways, Govt of India is very much aware of this since begaining, the they issue licence to those to play with such company with poor people. this is what our country and our fate, so, land into sheet of life if you depend on this, what else.
-----well wisher-----.

There was a meeting on 10-Oct-09 by citi limo in Bangalore. Does any one know what was the outcome?

Reply to above Q

The meeting was among the investors it was held near ulsoor lake the out come of the meeting was what to do next nothing much, I got this info from my friend who attended the meeting.
THEY TRIED TO CALL MUMBAI WHERE THE MEETING HAS BEEN SCHEDULE SOME SCHOOL GROUND BUT THE MGT OF THAT SCHOOL IS UNAWARE OF ANY MEETING
if anyone know any latest update plz let me know

[protected]

I dont know how far it is true that they have changed the venu of meeting i got this information from

http://www.consumercourt.in/investment/2343-city-limouzine-12.html massage no 179

you can cut and paste the above hyperlink to view the original massage

The massage says

Dear Friends,

Please note that venue of the meeting scheduled on 14th and 15th is changed and now will be held at WILSON GYMKHANA, Marine Lines. Please note that the proxy forms are also to be submitted at Wilson Gymkhana.

Cheers.

hello i also invested plz help me out.

Hello,

We are unable to go to mumbai for attending the meeting at wilson mumbai. More over we have four policies out of which we received one proxy only for the combo pack. We need two other proxy forms. What should i do if i am unable to attend the meeting? To whom i have to send the filled proxy forms. If any one knows please let me know about this.

Thanks & regards,
M.Parthiban,
Chennai.
[protected]

hey????????????????what's the new update on city limouizines.Do u think they are going to operate after whatever the court decides?????????????
Hope everyone gets back the amount promised by the company as hard-earned-money has been invested for future purposes by everyone

i had invested in city limozines and came to know by my frd that the company is going to closed
i dont know whats wrong but today 14 oct was held and they said office will open soon
and u will get interest by 7 percent

HAVE INVESTED IN THIS COMPANY SINCE ONE YEAR. MY CHEQUE HAS BEEN BOUNCED ON 27TH AUG 2009. WHEN I CALLED THE COMPANY THEY ARE TELLING ME TO WAIT TILL 27TH SEPT. AND WE WILL GIVE YOU MESSAGE ON THAT DAY. LETS HOPE, I THINK THEY WILL GIVE OUR MONEY BACK IN THE MONTH OF JANUARY 2010.
MY CELL NO. IS [protected]

My dad has invested Rs. 258000 into it & only received one cheque for the same, he has retired & invested his all hard earned money there, & really dont know what exactly is going on, we really want the money back. Please help us.

Guys i had been to the meetin held in wilson school .. But nothing seeemz to be the result as the crowd was so much and as they had planned the voting thing as per mentioned in the letter n form which i had received from the Lawyer .. They are saying tat the ppl who's principal amt is not yet recovered would b given the remaning amt with 7% intrest .. but the prob in this is that they would need 3 months resting period to check all the details of all the investors and then issue the chqs accordingly i.e in 12 equal installments .. This is wat was mentioned in the meeting .. but no results has come up i guess coz the crowd was so much and everythin was hay wire nothin was organised n all .. But prob lies in with the investors who had taken money as loan from bank are repayin as per 9% intrest and weras the company is talkin abt 7% so its a loss ...

i have been deceived by this company.please help me out.i had invested more than 3.50 lakhsin this company.please help me out.persons intersted in legal action against this company contact me.mobile no-[protected]

Hi.

I was not in the meeting, which happened on 14th Oct 2009. Can any one update me and give me some idea what is the latest progress and When is the next meeting and how we all should go abt.


It all of our's hard earned money and companies should pay back to us with the interest at the earliest so, we can repay the loans from where we have taken.

Hope we all should intiate together and fight the situation.

regards
Devan Shah
[protected] - mumbai

Can anyone please elaborate on the latest meeting held today and yesterday as we are frm banglore cldnt attend. We are in deep trouble as we had invested all our hard earned money and assets like jewellery sold for investment...Plz update this at the earliest.

Thanks

hey????????????????what's the new update on city limouizines.Do u think they are going to operate after whatever the court decides?????????????
Hope everyone gets back the amount promised by the company as hard-earned-money has been invested for future purposes by everyone

Sir
I have also invested in city limouzines and I am also a retired person, My whole life saving and hard earned money has been invevested in the company.Now I am quite frusted, how I will get my money back. kindly give suggestion or any clue what to do.my contact no.[protected]